All Forum Posts by: Melanie G.

Noted, thanks for the insight Pat!

Makes sense! However, the price would include the 7 duplexes, 2500 sqft Single family, and an additional 3.5 acres of vacant land attached, all located less than 1 mile from High Point University. I believe the seller is valuing the location and land value above all else. 

As a wholesaler, a seller approached me with a 48 unit apartment complex, 7 duplexes and a 2500 sqft Single family that he wants to sell (all of which occupy the same block.) Half of which are vacant and the other half occupied. Properties also need work. I would like to purchase but banks and hard money lenders I've spoke with so far are only lending up to 500k. Seller is asking 4.5M. Where are all the commercial lenders?