Updated almost 6 years ago on . Most recent reply
Building apartment for sale
We saw an offer online, from a guy selling 24 unit apartment building, he said that they also offer seller financing by giving us time to pay the entire amt after 6 months, so we could refinance it, we asked for the documents and he sent it to us. It says that the property’s purchase price is for 300000 € plus 140000 € company loan, so we were excited to take the deal but then he suddenly said that, that price is for immediate purchase and that if they’ll give us allowance for 6 months then the property would already cost 650000 € for purchase price. We’re still thinking if we’ll get it or not since we don’t have cash for immediate purchase and if we’ll have it refinanced after 6 months it’ll not be possible for that purchase price. Location is not that ok too, not near a school but they already got tenants in, pipes still needs to be renovated, 1400 sq meter, Should we take the deal or not?