Updated almost 6 years ago on . Most recent reply
20 percent owner financing
I have developed a good relationship with a gentleman who is selling his 70 plus units of various types over the next 5 years. He believes in me and what my business is about. He has offered to sale me a 6 unit for 50k less if not more than value and on top of that he says he is open to 20% owner carry financing. I would like to systematically purchase his properties over the span of 5 years but I only have 50k in cash reserves. What would you suggest I do to maximize my property potential? What kind of bank financing should I consider?