., not a huge monthly cashflowing asset currently.

I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange.

I currently own 4 rentals in different states and looking to buy more.

Do the in-laws have any income currently?

Scott has a binding agreement with us that strictly prohibits this type of defamatory, false post, which obviously can cause confusion in the marketplace, for future and current partners.

As far as rate is concerned, you can usually go about two points over the current rate (less closing costs for a seller financed deal so there is no real expense there) You need to make sure the borrower can cover that.

@Brooke Carlton did you speak with the current lender about their willingness to finance some of that gap for a potential buyer? 

I currently manage them both and am experienced with the whole process along with finding deals and analyzing them.

Why can't you raise money with your current track record and experience?

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.