Financing 25 unit complex
I found a 25 unit property in Louisiana that cash flows well but it needs some updating. Asking 1.2mil. I can cover 20% down but is anyone aware of a product/lender where I can put down 15% or 10%? I would prefer to put less down and start cleaning up this property right away. I don’t have all the answered but I’m here and open to ideas……
Owner financing is not an option. I don’t own any like properties but have been a landlord for the last 10years. My credit hovers around 800
monthy income is 16k
P&I - TBD
Monthly expenses(taxes, trash, insurance ect.) estimated to be 1700.