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Updated over 7 years ago,

User Stats

25
Posts
11
Votes
Ken Wicks
  • Property Manager
  • Atlanta, GA
11
Votes |
25
Posts

Non Conventional Buying

Ken Wicks
  • Property Manager
  • Atlanta, GA
Posted

I have purchased a unit in my complex from someone who owned two.  The owner has run out of options and wants to sell me the second unit.  Only problem is that my cash is a little strapped on account of buying the first one and a couple big personal purchases.

The unit works out financially but I am wondering if anyone has a suggestion on how I can buy this thing.  The owner has deep pockets and just wants the unit off his balance sheet.  I have thought about owner financing but I don't know how to approach him about this.