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Updated about 5 years ago,
6 duplex packaged deal..... How can I make this happen?!
This may be a little crazy, but I want to figure out a way to do this deal!! 6 duplexes are for sale as a package deal. Asking price is $799,900
I haven't gone through them yet so as far as updating, etc I don't know those numbers yet. My main question here is financing.... I don't have the down payment that would be needed in this deal. Obviously I won't pay list price, but we are talking upwards of $150,000 down payment. I'm assuming this would be done as a commercial type loan, but if I were to be able to get the downpayment how would I be able to refinance this deal to pay that back and still cash flow? Any and all advice is greatly appreciated....