All Forum Posts by: Daniel J.

@Thomas S. @Henri Meli Sorry for missing details. They are delivering it as an empty property, so you would be starting from scratch with rents.

@Jason D. Going off market rents

@Keith C. They do not have financials for the property itself, no rent rolls, expenses, leases etc.

@Nghi Le it would be to buy, fix what needs to be and hold long term.

@Jason D. The sellers are basically unwilling to dig and come up with anything so it seems, hence the all cash.

@Henri Meli Have you had success just asking everyone you know?

@Gino Barbaro Thanks!

@Rod Khleif Thanks!

I was evaluating a deal and they ended up switching to needing an all cash deal because the owner died and there are no financials for it, so banks will not finance it. I did contact my mortgage broker to see if there is an option through them, I am waiting to hear back. The purchase price is 399k.

I am working with a partner and we have access to 150k, but not 400k. Due to it being my pre first deal and not having a huge network yet, I don’t have other investors lined up. It could be a really fantastic deal.

Am I out of luck as it were or I am missing a place I could get the cash?

Thanks!

Daniel

@Dave Chapa Do you have a recommendation for a broker? I am in search of one. Thanks!

@Ronald Rohde Thanks! Have you done any land trust entity work?

@Thomas S. Very true, which I will be carrying, do I not need an entity for a MF purchase?