Beginning stages
I have a seller that wants to sell there 167 unit apartment complex its 89% occupied has a 8% cap rate and it is located in a emerging market. The seller is asking 5.9million I got them to agreed price of 5.5 million it's worth 7.5 million. I don't have the earnest money to tie the deal up what should I do next? I think this is a great deal and I don't want to lose it what should I do to maybe get more time to find the resources to get the deal done