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Updated over 3 years ago,
Off Market Triplex Minimal Down payment help!!!
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