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Updated over 3 years ago on .

User Stats

31
Posts
15
Votes
Syman Scarpellino
  • Investor
  • Eureka Ca
15
Votes |
31
Posts

Off Market Triplex Minimal Down payment help!!!

Syman Scarpellino
  • Investor
  • Eureka Ca
Posted

Hey BP community, 

I found a off market triplex in my area of Northern California, Humboldt county to be exact. 

Seller is willing to sell for $475,000 fair/good condition. (Definitely lendable) 

Gross rents currently at $2750 but it’s under rented in my opinion by $150-250 per unit. 

I’ve bought three properties in the past six months that have left me a little cash poor between down payment and remodel costs. 

As of now, I haven’t found any solid investors but I don’t want to miss out on the opportunity.

(I just closed on an owner occupy conventional) 

How do I get into this thing with $40-70k down


seller doesn’t seem interesting in carrying the first. 


lenders help me out 

  • Syman Scarpellino