Financing for $60k duplex

[Cody Dover]

I'm looking for ways to purchase our 7th property which is a duplex. We have it under contract for 30-40% below market value. So essentially we are buying into both cash flow and equity. Looking for ways to fund this ($60k). One thought was to have someone buy it all cash and then turn around and owner finance it to us for 8%. I tried companies like Lending One, but the loan amount is too small for them to mess with. ($60k)

The deal is strong, long term tenants, and I have a duplex down the street that brings in $1300/month. The duplex we are looking to buy has room to increase rents. As it sits now we are buying it at 2% in terms or current rents to purchase price. (We can raise rents upon new tenants moving in)

Open for collaboration and discussion. We aren't bankable, but have other property that we've owned now for 2 years with a little equity built up.