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Updated almost 5 years ago, 01/25/2020
Creative Financing Challenge: 850k 4 unit
I'm looking at an 850k 4 unit property which currently brings in 7k rent. I don't need help analyzing this deal; I'm looking for ideas on how I can finance this purchase and end up sole owner.
Here's what I have:
115k HELOC
30k cash
Pre approval for 300k conventional loan.
750 credit score
Let's assume I don't have any friends or family willing to help me out with this.
Got it? Ok, ready set go!