Seller financing 2 4 plexes
4 Replies
Bill Olive
posted about 1 year ago
Ok, so I am a vet, which makes getting one 4 plex done, do you think it's fair for me to ask him to finance the remaining 4 plex with no money down? How should I approach this?
Seth Williams
Real Estate Broker from Winthrop, MA
replied about 1 year ago
Really vague post, can you provide more details? Rents, area, expenses, purchase price etc.
Bill Olive
replied about 1 year ago
I am trying to be vague. It's in a good city, very good rental rates, th price isn't too bad. The only problem I see is the seller only wants to sell both properties, I can only purchase one with my veterans loan.
Bjorn Ahlblad
Investor from Shelton, WA
replied about 1 year ago
@Bill Olive seller is looking to reduce capital gains. Maybe be open with him and sketch out the deal together?
Bill Olive
replied about 1 year ago
So that's what he's doing? Good to know!