Need Help Commercial Property deal
Hi,
I am trying to buy a 5unit property from a guy who owns it out right for 330k... the property is assessed and valued at 395k... I am trying to do an owner financed deal where I pay him a smaller amount upfront and then refinance the property in 6 months to pay him the additional amount of money... I am just wondering if someone can help me navigate some of these finer details... ultimately my goal is to buy the property using less of my money that I have liquid now, and use the money that I’ll be making by buying the property with equity already in it