URGENT: Creative financing advice needed

[Keegan Darby]

We are in discussions with a property owner for his 4-plex for $240k. 

With 20% down + estimated closing costs + appraisal, etc. our total invested would be ~$57k. 

The property is too good to pass up (24% CoC ROI all things considered). But, we only have ~$60k total in savings.

What can we do to make this happen? 

[Bob Okenwa]

You can try seller financing or doing the deal 'subject to', or you can find a private lender to help you out with any additional funds you may need. Some people have used personal loans and credit cards, but you'll want to have an exit option to refinance so you can pay that debt off as quickly as possible.