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Updated almost 8 years ago on . Most recent reply

User Stats

7
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0
Votes
Fred Bear
  • Woodstock, GA
0
Votes |
7
Posts

Down payment money help.

Fred Bear
  • Woodstock, GA
Posted

I'm new to bigger pockets. I was practicing with the with the differnt deal analyzation tools when I  came a cross what I think is a good deal. It's a 4 plex that up for auction in 5 days. 4plex in the area go for around $122,000. The average rent is $500 to $650 a month. The auction wants %20 down at the end of bidding. I have $20,000 tie up in silver, but I don't want to sell it and then not get the house. Any idea on how I can come up with the down payment with out selling the silver outright. Have you here of hard money leander holding solver for collateral.

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