Structuring an Offer using Creative Financing

[Ronl Nichols]

Hello Everyone,

I have a pocket listing for a 20 unit apt complex. I have done my analysis on the property and discovered that it is a good deal. I would like to make an offer but not sure on how to do so.

I do not have 20-25% liquid to put down. I am looking for creative financing advice. Asking price is $639,900. There is debt on the property for $400k which is assumable at a 30 yr am/7.5% int. 

Any advice would be greatly appreciated.

Thanks