Greetings all is this a realistic strategy. Try to owner finance a multi family building with 3-5% down and refi within 3-5 months to avoid 20% down payment
@Drexel Harris how is this going to work? 3-5 months is not enough time for you to get 20% equity in something from appreciation alone, so you'd have to buy a fixer and put quite a bit of work into it, and then what do you do if it doesn't appraise? Seems to be cutting it a bit to close for me.
I agree with other post about equity. Also it will be difficult to find a seller who would take only 3-5% down as that’s very little cash and if you fail their foreclosure costs could be more than that