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Updated over 5 years ago,
can i offer equity % for down payment assistance on multi in LA
hi there, im looking to get feedback on offering a percentage of equity upon buying a 2-4 unit property in my name in here in LA. i will owner occupy and eventually cash who ever the investor is out or upon refi or sale of the property. this is not a straw buyer move. i just basically have no down payment at the moment because i run a small business and seem to be breaking even each month. but im ready to purchase a multi fam property here in LA and surrounding. we can discuss property and or loan type yet it will most likely be conventional loan on a 3-4 unit in need of update. i have 680+ credit score, $126k / yr income,
in plain english.... i need assistance with the downpayment on a 2-4 unit multi family purchase and would like to make a safe and fair offer of a portion of the equity in the property. dont hesitate to repsond, just keep it positive :)