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Updated about 3 years ago on . Most recent reply

Zee Singleton's profile image
Zee Singleton's profile image
Zee Singleton
  • Rental Property Investor
  • from Houston, TX
  • Member since May 12, 2011
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Zee Singleton's profile image
Zee Singleton's profile image
Zee Singleton
  • Rental Property Investor
  • from Houston, TX
  • Member since May 12, 2011
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Zee Singleton
  • Rental Property Investor
  • Houston, TX
11
Votes |
69
Posts
Multi-Family and Apartment Investing

Multi family owner finance

Zee Singleton
  • Rental Property Investor
  • Houston, TX
Posted

I REALLY want a 6 unit multifamily in Houston. The asking price is $500k. Would I be crazy to propose owner finance? If so, what terms are reasonable? If not, what other ideas to fund this deal?? It will pretty much pay for itself.

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Erik Hatch's profile image
Erik Hatch's profile image
Erik Hatch
  • Rental Property Investor
  • from USA
  • Member since Nov 22, 2018
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Erik Hatch's profile image
Erik Hatch's profile image
Erik Hatch
  • Rental Property Investor
  • from USA
  • Member since Nov 22, 2018
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Erik Hatch
  • Rental Property Investor
  • USA
222
Votes |
325
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Erik Hatch
  • Rental Property Investor
  • USA
Replied

Zee it’s reasonable to ask. Otherwise go for commercial lending. If your underwriting is accurate you may be able to get financing. 

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