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Updated over 6 years ago, 06/13/2018

User Stats

38
Posts
18
Votes
Olusola Abitogun
  • Perth Amboy, NJ
18
Votes |
38
Posts

Wholesaling / Creative Finance Question

Olusola Abitogun
  • Perth Amboy, NJ
Posted

I need help guys. I have a house under contract. Owner is a 70+ year old investor and just trying to offload the house.

  • Triplex investment property. 3 Bedroom/unit
  • Fully rented out. 2 of units are Section 8.
  • Price is $250K.
  • Positive Cashflow
  • That price is close to the retail value (Zillow & iCOmps).
  • The house can appraise to $325K (just based on recently sold house in that area and income)

I am having a hard time marketing this house. (I posted some groups and craigslist)…

As an investor, how would your market this house?

Are there any creative types of finance that I can use to acquire this house myself? And then sell later or Hold on to it. I don’t have potential down payment to straight up buy the property..

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