Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

307
Posts
127
Votes
Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
127
Votes |
307
Posts

Need $250,000 at 10%

Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
Posted

Hello all! 

I need to buy out a family member, and their name is jointly on the current mortgage, as well as their equity stake. I'm looking for $250,000 for a 12 month interest only term at no more than 12% total interest. Property is a 100% occupied, cash flowing (at 11% first, and equity split equivalent of 18% on her equity), just need to get out the fallen out family member.

My exit strategy is to refi with First Key once the deed has attained one year seasoning eligibility. 

Anyone with the ability to fund, and fund quickly (end of November at latest for closing!) is welcome to contact me. 

Thank You! 

Looking for

Loading replies...