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Updated over 4 years ago on . Most recent reply

User Stats

245
Posts
61
Votes
Kanwar Sodhi
  • Real Estate Agent
  • Chantilly, VA
61
Votes |
245
Posts

Need help with acquiring 4 Plex

Kanwar Sodhi
  • Real Estate Agent
  • Chantilly, VA
Posted

Hey BP,

There's a really good 18% ROI 4 Plex in Georgia but I have 1/4 of the 20% down payment needed (5%). I've asked my agent to ask the listing agent if the seller was open to being 2nd lien on the property at 5% interest rate.

Is there any other strategy I can use for this?

Thank you

  • Kanwar Sodhi

Most Popular Reply

User Stats

3,128
Posts
2,272
Votes
Alecia Loveless
2,272
Votes |
3,128
Posts
Alecia Loveless
Replied

@Kanwar Sodhi Do you want to live in it where you could do an FHA 3.5% down payment? I don't know if that would create other hurdles for you to jump or not.

  • Alecia Loveless
  • Loading replies...