Financing 26 unit Building No Money Down - Posted by llacy

Posted by Ronnie (Tx) on June 15, 2005 at 13:30:09:

Sure. What kind of relationship do you have with your local bank? If you set up a proper business plan and as long as the math adds up, often they will finance it. The trick that they need confidence in you. Can you do what you say i.e. manage the building, collect rents and make it profitable. Usually when complex is for sale, it is because it is not making money. Can you prove it can make money?

Another way to fincance with no money down is collateral. Do you own any other properties? Sometimes the bank with take another property or a note as collateral for a loan. If you are not willing to risk that, then you are probably not very confident in the property to begin with. Just my thoughts.

Financing 26 unit Building No Money Down - Posted by llacy

Posted by llacy on June 15, 2005 at 09:26:07:

Is there any way to finance a 26 unit building with no money down?

Re: Financing 26 unit Building No Money Down - Posted by ray@lcorn

Posted by ray@lcorn on June 17, 2005 at 14:38:04:

lacy,

Sure, but you may want to consider the following:

ray

Re: Financing 26 unit Building No Money Down - Posted by Ferris Anderson

Posted by Ferris Anderson on June 17, 2005 at 14:33:02:

Is this a deal you want to do? If so, send me the details. 904.864.4218

Ferris

Re: Financing 26 unit Building No Money Down - Posted by Ethan

Posted by Ethan on June 15, 2005 at 16:53:51:

Yes, how is your credit? I have a private lender that will lend up 100%. You will need excellent credit, 2 additional signer with excellent credit or additional collateral.