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Updated about 6 years ago,

User Stats

82
Posts
55
Votes
Albert L.
  • Bay Area
55
Votes |
82
Posts

Seller only wants cash - how do I finance??

Albert L.
  • Bay Area
Posted
Hey folks, bit stuck on this deal and would appreciate any advice. Purchase price: 60k ARV: 80k Rental: 1450/month Property tax: 166 Vacancy: 7% Capex: 5% Maintenance & repair: 5% Utilities: $150/month Insurance: $70/month I don’t think this makes sense for HML/Private lenders given how thin the spread is and I have my hands tied in offering 100% of my own cash, nor would I want to given the lack of equity/leverage I’d have. How do investors close on deals like this? I feel like this will be a similar situation with any off market deal I find.. This could be a fantastic deal if I could find a creative way to give them the cash ... open to hearing any and all suggestions! Thank you!

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