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Updated over 6 years ago,
Creative Funding for Triplex
I found a nice triplex I want to look at that looks promising. I am planning to use my va loan and live in one unit and rent the other two. However when my agent contacted the owner for a viewing the owner says that he has two of the listed triplex for sale and that he wants to sell them together. 150k each and they are probably worth 175k each.
So if this property works out it could be a great deal for me so my mind starts working on how i could buy them both. Im thinking If i buy one with my VA loan and use the equity to put a down payment on the other i can buy both without getting a commercial loan.
My question is do you think the owner would be up for this? Is there any reason the owner would be against it?
Any better ideas?
Thanks for the help guys