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Updated over 3 years ago on . Most recent reply

User Stats

54
Posts
11
Votes
Michael Thorne
  • Arlington, TX
11
Votes |
54
Posts

Financing a 4 unit down payment

Michael Thorne
  • Arlington, TX
Posted

Hello BP Community -

I have an opportunity to buy an off market 4 unit. Purchase $350k, all units currently rented for $800 each on month to month leases. It needs some repairs but haven’t found any “majors” yet. There is opportunity to increase the rents. 
Here’s my question: I can get a commercial loan based on the rental income that would provide positive cash flow. However, that would require 25% down and I would like to preserve cash for my fledgling fix & flip business. From your experiences, what are some creative alternatives I can use to get this deal done?

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