Updated over 10 years ago on . Most recent reply
How do I finance 6 buildings?
I am liking at a group of 6 buildings for sale by one owner, I have a family member that is interested in purchasing a building or two and I am interested in the rest. The vacancy rate is 50% due to an out of town landlord and local laws getting tighter.
My uncle will be able to pay cash for his purchase but I do not have a down payment, any suggestions on how to present this purchase to the bank or to my uncle? The total list price is 345k and it has been on the market for over 1 year.
What is your thoughts?