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Updated over 9 years ago on . Most recent reply

Laurie Johnson's profile image
Laurie Johnson's profile image
Laurie Johnson
  • Real Estate Broker
  • from Jacksonville, FL
  • Member since May 28, 2015
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User Stats

130
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30
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Laurie Johnson's profile image
Laurie Johnson's profile image
Laurie Johnson
  • Real Estate Broker
  • from Jacksonville, FL
  • Member since May 28, 2015
Connect
Laurie Johnson
  • Real Estate Broker
  • Jacksonville, FL
30
Votes |
130
Posts
Multi-Family and Apartment Investing

Creative/No Money Down

Laurie Johnson
  • Real Estate Broker
  • Jacksonville, FL
Posted

I am looking at 2 properties (1 Owner) one is 3 unit w/assumable $61k mortgage 109k price the other is a 7plex 450k asking owns free and clear. Would rather not owner finance. I am a real estate broker and can leverage my "commission" into the deal for down payment. If he did owner financing for 1 year can I refi w/bank or do I need longer ownership? Thank you in advance. BTW both cash flow. can negotiate for lower price. However if I can get him to negotiate for owner financing I will not haggle to much.

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