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Updated about 3 years ago,
Creative finance options for 4 unit
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.