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Updated almost 14 years ago,
best creative financing ideas.
There is this 4 units that I am interest on. The home is listed with a real estate agent. Most 4 units in the area are going for $475-490k k. This particular home I have an accepted offer for $335k but needed about $125k in rehab. I think it is still not bad. 335,000 +125,000= $460,000 but it will be closed to 96% market value. I can not find any HML that are interested. The owner is welcome to owner financing but is looking for at least 90k down which I dont have. I might have a contractor that could done the work and get pay later. So is there any creative way I can buy the home or control the property with the owner help. I figure I would have to pay the agent his commission upfront. Please pour some ideas.
Thanks