All Forum Posts by: Harriett Williams

 great thanks!

 Thank you! Will i be able to occupy it as a joint owner? also is this possible to do with no money of my own?

 Hey Adam! I sent you my email talk to you soon!

 Thanks so much jay! My next question is if I do find a 4-plex owner willing to do seller financing but the property needs to be repaired, how could I get the the funds to repair the property without coming out of pocket? Most of the multifamilies I've seen available online are in desperate need of repairs to make it comfortable for us and the tenants! 

hey BP fam! 

I'm looking to purchase a multifamily home as a first time home owner, I would like a triplex or fourplex. The issue is that I won't qualify for financing at a traditional bank any time soon as I work on my business and credit. What are some creative financing ideas I can do? I plan to have my family occupy one unit and rent out the others. Cash flow would be amazing but my main objective is to cut out my biggest monthly expense RENT!! Is there other ways to go about this? Could a more experienced investor purchase the property and sell it to me with seller financing? I would be the one managing the property and tenants, looking to get started on this journey as soon as possible but no longer then the end of the year when my current lease is up! 

Yes hey Mitch! Thanks for the advice. Sad to say I went to the home and it was the worst walk through I've ever been on, I was super excited about this one. But unfortunately things took a bad turn and ended horribly so definitely won't be moving forward with this one. 

hey Bigger pockets fam!

So I have a question. I'm going to meet with a homeowner on Thursday who is interested in possibly selling her or renting out her home. She no longer lives there and have put money into renovations but doesn't want to put anymore money into it. The problem is there aren't any comps! Why? Because it's one of the only blocks for a few miles with SFHeverything else near the area are townhomes. Per our phone conversation she seems to want market value although I'm sure I could get a good deal given she's motivated. BUT I'm just not sure the deal will work for a flip or wholesale. I live very close to this house and kind of in the market to purchase a home and this house is really close to where I live and my kids school so im REALLY considering getting owner financing and purchasing it myself, and finishing the repairs If needed. The only thing is I don't know anything about owner financing. The home is free and clear, do I put down a deposit? Do I get a loan for the repairs? What should the terms be? Anything I should know before I make this type of decision? The home is worth about $250,000 if that helps.

*There aren't any comps Because it's one of the only blocks for a few miles with SFH everything else near the area are townhomes. Any the other homeowners have all lived on that street for a long time. 

hey Bigger pockets fam! 

So I have a question. I'm going to meet with a homeowner on Thursday who is interested in possibly selling her or renting out her home. She no longer lives there and have put money into renovations but doesn't want to put anymore money into it. The problem is there aren't any comps! Why? Because it's one of the only blocks for a few miles with SFH everything else near the area are townhomes. Per our phone conversation she seems to want market value although I'm sure I could get a good deal given she's motivated. BUT I'm just not sure the deal will work for a flip or wholesale. I live very close to this house and kind of in the market to purchase a home and this house is really close to where I live and my kids school so im REALLY considering getting owner financing and purchasing it myself, and finishing the repairs If needed. The only thing is I don't know anything about owner financing. The home is free and clear, do I put down a deposit? Do I get a loan for the repairs? What should the terms be? Anything I should know before I make this type of decision? The home is worth about $250,000 if that helps.

thank you! I sent you a message