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Updated over 6 years ago,
10 Unit Acquisition - Seller Financing?
My wife and I are looking a 9 unit building in PA that cash flows really well and has been rehabbed recently. The market it is in hasn't seen much appreciation but is definitely a heavy renting area. The seller is asking $175k and I'd rather not go down the commercial loan route if I don't have to and wanted to get some feedback on possible structuring a seller financing deal. They are averaging $550 per unit currently and doesn't really need any substantial work. What are your thoughts?