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Updated over 11 years ago on . Most recent reply
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Larger purchase, can't do 25%
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
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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.