Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

30
Posts
15
Votes
Dillan Stoor
15
Votes |
30
Posts

First big multi family opportunity!!

Dillan Stoor
Posted

Hi all, I am a investor that has 3 properties currently that all do pretty well in cash flow, but I have an opportunity to purchase a property that has a 4 plex and 2 duplexes in one deal.

The asking price is 1.4 million and cash flows currently $7700 a month Which could easily go up about a $1000 monthly with no improvement. I am struggling with the down payment obviously as I do not carry $350000 cash in my pocket.

2 properties that I own I would be willing to part with if it would help me get this one. I owe a 112,000 on and it would sell for 300,000 that cash flows 1900 a month. The other I owe a 130,000 on and it would sell for 250,000 and cash flows 1300 a month. Still leaving me a little short I am not sure what to do or what other investing options I have to come up with a down payment for the loan.

Any help or advice would be greatly appreciated.

Loading replies...