I’m starting in investing in real estate and I found a good deal on a multi family property with 6 different units all separated from each other and the price is negotiable and I don’t have the funds or the credit score for getting the loan for the amount of the asking price to purchase but with the cash flow from each unit would pay off the loan in less than a few years even with profitability. Anyone have any help with getting me to closing on this
Real Estate Agent · Boise, ID · Member since 2016 · 1k+ posts · 888 votes
4y
@Antwyne Adams at 6 units you are outside of conventional lending and into commercial lending. You will have to get creative to get the funds by brining in capital some way either from a partner or the seller in a owner carry/ finance option.