Hello I recently switched careers and I’ve received a lump sum of $12,000 from my former employer in a severance package. I would like to use this money as a down payment to purchase a multi- unit property. In a perfect situation I would like a four-plex or higher. But I’m open to any multi- unit property. I understand my down payment may not be large enough so I would like for the seller to finance the deal and am open to any suggestion someone may have to get me started in this direction.
Maybe you have a property or know someone or something I don’t. I’m just looking for a little help. Of course I’ve given a wish list scenario but I understand it might be a little more arduous than this.
I’m new to real estate and haven’t done any deals but I see this lump sum as a start to springboard me into the game. Anything you have or know will help. I look forward to hearing from someone.
