Question on best acquisition strategy
Asking for advice - I am buying a small mixed use building in Seattle, and have the opportunity to acquire a duplex next door for $1.16m. Have about $500k in equity in the mixed use - no real capital outside of that.
The duplex is zoned NC-40, and the mixed use lot is too small for redevelopment on its own so the potential for assemblage is huge and likely won't come around again (who knows)
How do I finance it? Do I try to buy using equity / cross-collateralization? If I can't get financing, is there an opportunity to get an accepted offer and try to quickly flip both properties before close?