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Updated over 6 years ago,

User Stats

4
Posts
3
Votes
William Coit
3
Votes |
4
Posts

1st Self -Storage Deal. I NEED Advice

William Coit
Posted
I’m a newbie in the self storage business and I’ve managed to negotiate a deal that includes seller financing. Here’s the deal: Purchase price - $900,000 Down Payment- $500,000 Balanced financed by owner $400,000 Terms 3 years interest only @ 6.5% Earnest Money $10,000 Due Diligence 45 days Closing on or before October 23, 2018 My situation: NO capital to invest, bad credit. How do I close this transaction without putting any money down?

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