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Updated over 8 years ago on . Most recent reply
How can I buy this Property?
I have a property I'm looking to purchase. This is a 12 unit building. I can rent the apartments for 750 each unit. I have tenants interested in renting this building, they want to put down a Security Deposit($750) and a Month of rent ($750). I wanted to purchase this building as a no money down or low money down opportunity. The Owner just wants a small price of $7,000 for a quitclaim deed. How can I use this escrow funds to close on this building??
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Be careful what you wish for......if the seller wants to QCD it to you for $7k, I suspect he knows of issues/liens/mtg balances that you don't know about.