Financing a 30 percent down payment
Hi bigger pockets, I am considering buying a duplex for 118,000. Both sides are rented out for 1400 total. The seller offered seller financing with 30 percent down, my only issue is I don’t have the cash, so what would be my best way to fund the down payment?
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Todd Dexheimer
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
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- St. Paul, MN
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
Negotiate better terms. Maybe pay $125k for a 20% down payment. The find someone to partner with or lend the remainder.