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Updated over 7 years ago on . Most recent reply

User Stats

32
Posts
4
Votes
David Lauka
  • Kalamazoo, MI
4
Votes |
32
Posts

Turnkey Property Financing

David Lauka
  • Kalamazoo, MI
Posted

Hello BP! So I'm fairly new to REI and was looking for some expertise. I recently purchased my first SFH investment property and that is going very well. My property manager just informed me that one of her clients is looking to sell their 6 unit property for 140k. I don't have all the specifics but she indicated it brings in about 40k/year in rent and is basically fully leased. I unfortunately have a lot of my funds tied up for the next 3 months and I was wondering if there were any creative financing solutions anyone is aware of for turnkey properties such as this one. The most I could probably bring to the table would be 15 - 20k. Are there any options anyone would recommend to fund this deal? Thanks!

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