I Need a Down Payment!

[Kevin Mello]

I’ve been blessed with a rare and extremely beautiful opportunity. My landlord wants to sell me the 5- family building I live in but since it’s consider commercial I need 170k - 200k which I just don’t have. The basics are they will sell it for 200k under appraised value to ensure a trusted individual will take care of it, otherwise she will sell for full appraisal to a stranger. Is there any way I can get the funding to pull this off?? I’m thinking of starting a C corporation to keep my finances completely separate

[Caleb Brown]

My first thought is to have him owner finance to you. Before going down that rabbit hole, do you have money set aside? A lot can go wrong with 5 units and honestly you need capital and a good understanding before diving into something like that. If you want to get into investing look into a house hack, basically what you'd be doing in this scenario but way less risk and you don't have to worry about a partner. If you don't have a down payment for doing a house hack(these are lower down payments) then I would focus on saving