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Updated over 4 years ago on . Most recent reply

User Stats

97
Posts
26
Votes
Bob Lett
  • Rockford, MI
26
Votes |
97
Posts

Alternatives to traditional financing for triplex

Bob Lett
  • Rockford, MI
Posted

I’m looking at a triplex that I would like to close on. I was hoping to do a partnership but that’s just not in the bag for this deal. I hoped to do traditional financing but my wife and I are building a home that will be completed in the next 2 months or so. I need a downpayment of roughly $65k to cover traditional financing (25% down).

I’ve walked the building, ran the numbers and want to make the investment as it is in a strong market that will continue to appreciate. I’m in it for the cash flow but appreciation is bonus. (Grand Rapids MI Metro market)

What are some other ways I can use as resource to get this deal across the finish line ASAP.

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