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Updated about 6 years ago,
Best way to finance a deal
Recently was brought a deal that may make quite a bit of sense for my partner and I. However, we weren’t actively looking for anything at the moment. We are letting a few things settle and trying to build cash flow at same time. Then out of nowhere an investor called us with a decent size pocket listing. I guess he was brought an offer and knew we had an interest if ever the opportunity presented itself. He’s hoping to 1031 the proceeds from this sale into another deal.
We are planning to sit down later this week but I’m thinking his figure will be 2 million or more based on previous conversation.
Need thoughts on best way to approach this. It may not work but if there’s a way I’d imagine someone here in the room can answer as to how it could.
Thanks!!