Looking for Creative: Financing Lubbock Duplex ($90k–$110k)
Hey everyone,
I’m currently based in DFW, working in the tech industry with a stable six-figure income. I'm looking to acquire my next investment property in Lubbock, TX and am exploring creative financing options to structure the deal.
What I'm Looking For:
- Target Property: Duplex in the Lubbock area.
- Target Purchase Price: $90,000 – $110,000 range.
Current Position & Strategy:
- Current Lubbock Portfolio: I currently own a duplex with a conservative $40k in usable equity.
- Preferred Structure: Ideally, I’d like to work with a local lender or private money investor willing to cross-collateralize—placing a 2nd lien on my existing duplex to fund the purchase/down payment of the new Lubbock property.
- Alternative Options: Open to seller financing or other creative deal structures.
- Financials: Strong W-2 income to support debt service easily (not considering other investments income). I have capital in other investments that I prefer to leave untouched for now, so maximizing leverage using existing equity is the goal.
If you are a local Lubbock investor open to seller financing, a private/portfolio lender comfortable with cross-collateralization, or an agent with deals that fit this criteria, let's connect.