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Updated about 4 years ago on . Most recent reply
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How would you finance this package of rental properties?
While diving for deals I stumbled across an investor who was offloading his properties. They are all single-family homes and I'm very interested in the area surrounding them. I just used up a majority of my capital on a local DuPlex that I will be house hacking, so the funds to purchase these properties are basically non-existent. I don't want this opportunity to be passed up, so what creative ways would you use in order to get this deal funded?
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- Washington, DC Mortgage Lender/Broker
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Do seller financing with an 18 month balloon. After 12 months of ownership, refinance and pay him back. Pay him a premium for doing the seller financing with little to no money down and give him a decent interest rate, more than he would get if he invested in something else.