Updated over 10 years ago on . Most recent reply
First Deal - Complicated - Need Some Suggestions.
Here is the deal - Package deal 10 Single Family homes with 12 units total.... the seller is asking $580,000 for all homes.
Monthly Cash Flow is $8750
Yearly taxes - $15135
Motivated seller, but not going to give it away....
Questions - How do finance something like this? Seller said there would be two closings, because he has two bundled mortgages.
Basically looking for a creative solution to get this deal done....he is open to negotiation on the price....I was thinking of trying to get ONE loan for the 80% LTV, and have him seller finance the rest, but I think he owes $470,000 on the property.
Other option would be to get a private investor to put money...any thoughts?