Updated about 8 years ago on . Most recent reply
Question about potential deal!
Fourplex for sale for $134,900. "Well maintained brick and vinyl 4 unit apartment building. Fully occupied with all tenants on a month to month lease. Unit 1-includes new oak cabinets and new carpet. Owner pays this units electric. Tenant pays $435 per month. Unit 2-rented furnished for $450 per month. Tenant pays electric. Unit 3-newer counters and newer floor coverings. $415 per month. Tenant pays electric. Unit 4-rented furnished for $450 per month. Tenant pays electric. All 4 units metro approved. Electric, baseboard heating all separate meters. Owner pays water, sewer and trash with average of $164 per month. Includes all 4 ranges and refrigerators. 2 window air units owned by the tenants."
Having $5,000 to invest, what are some creative ways I could buy this property without living in it? Seller financing seems most plausible. How do I structure a seller financing deal and present to seller or agent?