Updated about 8 years ago on . Most recent reply
Duplex/Triplex Property Questions
I have 2 properties I am looking at purchasing. A duplex and a Triplex. They are being sold together, due to the owner passing away and being held in a living trust. I am new to this game and only have $2,000 saved up for my investing. I spoke with a couple lenders who will finance up to 75% of purchase price (around $130k) so that leaves me with about $34k missing. The gross income monthly is just over $400 if I come up with the down payment. Is there something I can do to get that down financed? Or do I have to use Family/friends? I'd like to get these properties under my best and get this business off the ground. Any help would be much appreciated!!