Private financing.

[Alfonso Aceves]

So a RE agent called me to offer me private financing. He works with a group of investors. But their terms are a 5.5% fee of the sell price, 10% down, and 10% interest. It is expensive, but with this financing, I plan to buy a duplex for under 100k. Each side will rent for around $600.00. My question is if the private finance is worth it? I have the cash for the down payment, and since it is multifamily I feel like it will be worth it since I don't think a bank will lend me at the moment.