Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
- Account Manager in Industrial Process Equipment
- Collegeville, PA
- 0
- Votes |
- 1
- Posts
Creative Finance ideas for first investment opportunity
I'm excited about an opportunity to invest in my first real estate rental property but I've run into an obstacle.
The property is one half of a double block house that my old boss owns with his 2 sisters and 1 sister currently lives there. She's moving away and wants to sell the house and want to give me a good deal on the property. My original plan was to request seller finance but they made it clear that was not an option since the sister who was moving would need the capital to purchase a new home.
What other options do I have for raising the capital to purchase this property? It's in a good area in my hometown and I believe it could bring in good cash flow. Any ideas are greatly appreciated. Thank you in advance.
Best Regards,
Eddie Rogan