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.
Canadian Real Estate
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 over 5 years ago,

User Stats

18
Posts
3
Votes
Brody Muxlow
  • Rental Property Investor
  • Windsor ON
3
Votes |
18
Posts

New Deal but i need help!

Brody Muxlow
  • Rental Property Investor
  • Windsor ON
Posted

Hi BP memebers,

I've recently found a really nice deal on a triplex. Purchase price is $354,000 Unit price is a little high at 118k per unit. 


The purchase price is a little high but it is definitely justified, as it produces $47,000 per year. 

Typically I would try to get a hard money lender buy the property cash and BRRRR the property. But after seeing it, the units are pristine. This property needs no work inside or out. There is really no room for refinance.

Im actually in need of a place to live so i thought about using my home buyers plan and moving in with only 5% down.

Next issue is that all my other money is tied up in other deals right now. 1 property closing next week, and another at the end of October.

Trying to think outside the box right now on how to get this property but Im coming up blank. Anyone have any suggestions or routes i could take towards this?

Thanks guys!

Loading replies...