What would you do? Scenario, Financing
Hi BP members,
Scenario:
You have excellent credit, own a home (very little equity due to large Down Payment, Mortg. Low), Not much in savings, maybe 7k and you see a 6 plex fully occupied for sale at 409k (under value for the area). Rental income about 950 per unit.
As with most investment properties you need 20-25% down.
See the dillema?
How would you approach this?