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Updated almost 8 years ago,

Monica Johnson's profile image
Monica Johnson's profile image
Monica Johnson
  • from Indianapolis , IN
  • Member since Feb 4, 2017
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User Stats

49
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42
Votes
Monica Johnson's profile image
Monica Johnson's profile image
Monica Johnson
  • from Indianapolis , IN
  • Member since Feb 4, 2017
Connect
Monica Johnson
  • Indianapolis , IN
42
Votes |
49
Posts
Multi-Family and Apartment Investing

Not enough for a down payment

Monica Johnson
  • Indianapolis , IN
Posted

I am looking at an apartment building selling for $310k (8 units, rented at $500 each) which includes a similar bldg in need of total rehab (est 170k). I do not have enough for the down payment, I have 20k. Is seller financing my only option to purchase this property? And what type of structure should I suggest to the seller?

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