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Updated over 14 years ago,

User Stats

12
Posts
0
Votes
Stanley Brown
  • Real Estate Investor
  • Dalla, TX
0
Votes |
12
Posts

Lets make a deal

Stanley Brown
  • Real Estate Investor
  • Dalla, TX
Posted

There is a grouping of 6-plex buildings for sale...a total of 12 for a total asking price of $3.2 million. This would give me a total of 72 units. The problem is that 1/4 of the buildings are vacant. The tax assessor's office,has these buildings recorded as separate properties and therefore, legally I would have to purchase each building as separate entities. The owner knows this and doesn't want me to take only the occupied properties while leaving him holding the bag on the vacant buildings. He is willing to offer partial owner financing (up to 60%). Can this deal work? If so, how?

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