Updated about 1 year ago on . Most recent reply
Six-Plex Purchase in Watertown, NY
I'm looking to buy a six-plex property in Watertown, NY, priced at $425k. The downpayment is 25%, with the seller financing 60% of that and me covering the remaining 40%. Each unit has three bedrooms. Does anyone have recommendations for a good commercial lender?
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The seller and I have mutually terminated the contract. Unfortunately, there was an undisclosed leak issue that my inspector uncovered, which the seller was supposed to fix. However, it has taken a long time to resolve, and ultimately, we both decided it was best to let the contract go. Thank you all for your support and advice during this process.