My First Multi Family
I was 19 when I bought my first mfr. The seller was offering owner financing but I was a poor, young Realtor and didnt have the cash for the down payment. In talking with the seller and his Realtor, I devised a plan to sacrifice my part of the sales commission and use the rent deposits from the property (which would become mine at closing) as my down payment. All agreed, deal closed in 2 weeks. I was one proud 19 year old real estate investor