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Updated over 7 years ago, 08/23/2017

User Stats

289
Posts
107
Votes
Tiffany S.
  • Investor
  • Portsmouth, VA
107
Votes |
289
Posts

AWESOME Deal but little funds...What would you do?

Tiffany S.
  • Investor
  • Portsmouth, VA
Posted

I know someone trying to off load some properties. They were inherited by the family and I guess they cannot agree on the day to day operations of being a landlord...so they want to sell. I do not have specifics but most of them are already rented and its a mix of SFH and MFH. I'm waiting for more information myself but my question is how would one go about getting a loan for these properties? I certainly do not have the funds for a 20-25% down payment for one mortgage let alone 11. Any creative financing advice? I think they just want to be done with the properties so i dont think owner fianance, subject-to, etc will work.

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