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Updated over 3 years ago on . Most recent reply

User Stats

54
Posts
11
Votes
Michael Thorne
  • Arlington, TX
11
Votes |
54
Posts

Creative finance options for 4 unit

Michael Thorne
  • Arlington, TX
Posted

Hi BP community-

I have a chance to get a 4 unit property. It’s currently rented at $800 per unit, month to month leases.  Asking is $350k, there are some repairs needed.  I can get a commercial loan based on the cash flow, however that would require $87,500 down (25%) and I am trying to preserve cash for my fledgling flip business. 
Reaching out to the more experienced BP brain trust for ideas on the down payment or other options and alternatives. 

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