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Updated almost 10 years ago on . Most recent reply

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Phillip Pike
  • Brandenburg, KY
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Phillip Pike
  • Brandenburg, KY
Posted

Hello to all the bigger pockets fans.  I am a new member and new to the podcast so I thought I would ask other professionals for advice.  Quick back story I am not new to buy and holds and have several properties with a clear title.  But as I continued growing in my home town another investor called wanting to unload two duplexes and three houses so he can have capitol to invest in other means.  That amount of money doesn't  bother me initially but I have already set things in place on other investments this year.  My question is these  appts. are a decent deal but not great and I have tried buying them before with no avail.  But now they are for sell and I'm not sure weather to over leverage myself with my primary lender, forget about the deal entirely, or come up with  crazy lending strategies that might have a safer venue.  The banks will loan and I do have enough capital but its more than I normally take on in a calender year.

A little input would be nice

P.S.   Owner financing is not an option. 

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