4-plex -seller financing - Posted by JR

Posted by terryr on May 08, 2001 at 21:14:20:

several days back there was a mortgage broker offering 100% loans on 3 and 4 plexes - search back and find it

4-plex -seller financing - Posted by JR

Posted by JR on May 08, 2001 at 02:14:07:

I have an investment deal on a 4-plex. The seller wants 55000 down and will carry the rest 144000 at 6.5 percent over 20 years. I’m trying to figure out the best way to get the 55000 downpayment. Are there banks or private investors who would lend me the 55000 on a 199000 4-plex? If there would be a down payment would they base it on the loan amount or on the purchase price (199000)? Would a bank bark if I asked for 65000? (I pocket 10000 at close).


Re: 4-plex -seller financing - Posted by Fuad Hasan

Posted by Fuad Hasan on June 29, 2001 at 12:00:13:

Were you able to close on this investment deal to someone yet?