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Updated about 5 years ago,

User Stats

35
Posts
12
Votes
Blaine Cox
  • Rental Property Investor
  • Lexington, KY
12
Votes |
35
Posts

6 duplex packaged deal..... How can I make this happen?!

Blaine Cox
  • Rental Property Investor
  • Lexington, KY
Posted

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....  

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