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Updated over 8 years ago,

User Stats

104
Posts
13
Votes
Christian Lincoln
  • Contractor
  • new paltz, NY
13
Votes |
104
Posts

Creative ideas?

Christian Lincoln
  • Contractor
  • new paltz, NY
Posted

I have a rental property (7 rents) that cash flows (gross @65, net@ 35), and the old owner holds the note. I gave her 100k and 8% for two years until I could do a refi when My credit got over 700. Now credit over 700 but I didn't show enough income last year to do refi. I'd rather keep the property as the cash flows is not bad. Any ideas? Get a friend to buy it? Seems like 8 percent very nice alternative to the market. Of course I was hopping to refi for a lower percentage.  Thank you gang!

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