Multi family owner finance

[Zee Singleton]

I REALLY want a 6 unit multifamily in Houston. The asking price is $500k. Would I be crazy to propose owner finance? If so, what terms are reasonable? If not, what other ideas to fund this deal?? It will pretty much pay for itself.

[Erik Hatch]

Zee it’s reasonable to ask. Otherwise go for commercial lending. If your underwriting is accurate you may be able to get financing.