Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
How to buy this 4 plex
Help! I am under contract and going to close on a personal residence and a 4 unit lead from a direct mail came up and the dude is ready to sell! He doesn’t have 100% equity to seller finance. And I am tied up with this personal residence and can’t stretch as far as to get a traditional 25% down conventional investment mortgage. The asking price is Fair but not enough meat on it to whole sale I expect. $215,000 is the price. Rents are under market. A similar property just sold a couple months ago down the road for 242,500 is there any way I can get this deal? Subject to? Subject to plus a note? Any ideas ?