Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago, 10/19/2015

User Stats

307
Posts
127
Votes
Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
127
Votes |
307
Posts

Need $250,000 at 10%

Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
Posted

Hello all! 

I need to buy out a family member, and their name is jointly on the current mortgage, as well as their equity stake. I'm looking for $250,000 for a 12 month interest only term at no more than 12% total interest. Property is a 100% occupied, cash flowing (at 11% first, and equity split equivalent of 18% on her equity), just need to get out the fallen out family member.

My exit strategy is to refi with First Key once the deed has attained one year seasoning eligibility. 

Anyone with the ability to fund, and fund quickly (end of November at latest for closing!) is welcome to contact me. 

Thank You! 

Looking for

Loading replies...