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Updated about 5 years ago on . Most recent reply

User Stats

23
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11
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Seth Mceleney
  • Rental Property Investor
  • Buffalo, MN
11
Votes |
23
Posts

Financing a 30 percent down payment

Seth Mceleney
  • Rental Property Investor
  • Buffalo, MN
Posted

Hi bigger pockets, I am considering buying a duplex for 118,000. Both sides are rented out for 1400 total. The seller offered seller financing with 30 percent down, my only issue is I don’t have the cash, so what would be my best way to fund the down payment?

Most Popular Reply

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3,018
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
  • St. Paul, MN
3,659
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3,018
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
  • St. Paul, MN
Replied

Negotiate better terms. Maybe pay $125k for a 20% down payment. The find someone to partner with or lend the remainder. 

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