Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
![Jean Bolger's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/95286/1621416784-avatar-jeanbolger.jpg?twic=v1/output=image/cover=128x128&v=2)
Great cash flow multifamily in receivership, sellers want cash only. How can I make this work?
I'm looking at a multifamily property that has been put in receivership. Asking price 400k, 14 duplexes on one piece of land, each unit 1 bd 1ba, current rents 10,400/mo, potential gross (all units rented at current rates)11,200. The property needs some work but nothing that can't be easily handled by the income. I talked to the receiver today and he says the seller has already refused 2 full price offers because they were dependent on financing and they ONLY want a cash buyer. (He says there is no reason why the property would not be financeable, this is just what they want) He indicated that a cash offer of 330k might seal the deal.
I am looking at this as a possible 1031 exchange replacement property. So now I'm interested in trying to do a cash deal and then get a loan on the property.
I will have roughly 130k from the exchange and can come up with another 100k of my own. What are my options for the other 100k?
I am sure there are a million angles I haven't looked at or thought of with this, please help!