Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
How do I finance 6 buildings?
I am liking at a group of 6 buildings for sale by one owner, I have a family member that is interested in purchasing a building or two and I am interested in the rest. The vacancy rate is 50% due to an out of town landlord and local laws getting tighter.
My uncle will be able to pay cash for his purchase but I do not have a down payment, any suggestions on how to present this purchase to the bank or to my uncle? The total list price is 345k and it has been on the market for over 1 year.
What is your thoughts?