I got a call from a guy whose friend is terminally ill. The owner who is terminaly ill has two brick duplexes next to each other on separate lots. All four units are rented for $500. They might be capable of renting for $600 each. New roofs, hardwood floors, window AC units. Low maintenance if there is such a thing. They are owned free and clear the man just wants out now to have some money to enjoy what’s left of his life.
I’m not that interested in landlording, again. But I’m attracted to these two buildings if there is money to be made. I’m just out of a divorce and have no money and no credit. I do have good income.
How can I get these financed if the owner will take an offer low enough that makes sense to me?