New guy here, so please bear with me.
There’s a multi family for 1.2 mil. The seller is very motivated and is willing to do seller financing. Was thinking of putting no money down, then taking out a loan on the property to pay the seller a little something. While collecting rent from the tenants. Haven’t thought it out at al really. Just spitballing here. What you guys think?
@William DeLuca , gotta see the numbers. At $1.2 million you'll need to be bringing in at least $10,200/month in rent to ever hope this will cash flow. At 100% financing, this is probably closer to $12k/month.
Put together a plan and then come back to the community, we'll be happy to offer advice.