Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

15
Posts
4
Votes
Stacy Gilman
  • Southbridge, MA
4
Votes |
15
Posts

Purchasing Multifamily -- Need Help or Suggestions

Stacy Gilman
  • Southbridge, MA
Posted

I am in the process of purchasing a multi-unit property that has six units and a single family house on the property. The current owner wants to owner finance but has a 47k delinquent tax issue with the town. Town will not negotiate. I have offered to purchase the property for 80k. The single family is turn key but the six unit multifamily needs significant repair . Any suggestions or tips on how to purchase this property for 80k, pay the town and put some money in this owners pocket?? I tried some hard money lenders but no one seems interested. The owner is willing to take 50k up front and hold a second for the 30k remainder. I would appreciate any tips or suggestions on how to get this deal closed! The house alone is worth the 80k! 

Loading replies...