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Updated over 11 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Ysanne Isard
  • New Berlin, WI
2
Votes |
7
Posts

Larger purchase, can't do 25%

Ysanne Isard
  • New Berlin, WI
Posted

I have purchased 3 4-family units last year, each with 25% down on a commercial load from my bank.

Now I am looking at a larger investment ($700,000) with a decent ROI of 13%, but I cannot come up with more than 5-8% of $700,000.

Where does one get financing for such a purpose with only a small ammount down?

Thanks,

Most Popular Reply

User Stats

7
Posts
2
Votes
Ysanne Isard
  • New Berlin, WI
2
Votes |
7
Posts
Ysanne Isard
  • New Berlin, WI
Replied

Thanks. Bringing some collateral and doing some private funding are both viable here. Can you explain more about seller carrying some of the debt. I have heard this before, but can't say I really understand the principle. The seller would take out a loan for part of the selling price? Or would I owe the seller directly for the ballance?

Thanks again.

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