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Updated about 3 years ago on . Most recent reply
4-plex with borrowed Down Payment
This deal is for a income generating 4plex in a good area. It is fully occupied and needs no work. $340k was the accepted offer. I am working with a few lenders but they all want 25% down. I have the ability to borrow half of the down payment from my brother. Are their better financing options out there? The Appraised value will come back in the $400k range. I just don't see how it can work with having to put 25% down.