Posted by JeffS on June 10, 1999 at 10:14:42:
I am currently working on trying to buy 4 duplexes right now, and can understand your frustration. I just can’t seem to get over the last hurdle. Here’s my thoughts on what you can do.
- Seller can take back 20% you get bank financing for 80%. I don’t think it matters if it’s on raw land or on duplexes. But there are lenders that do these investor deals.
- You could buy one like this, (80/20) then buy the second on owners terms. (ie: owner becomes bank)
- Or buy both on owners terms, but I’m guessing they want to get money now. ( but most will go to tax )
There’s still many more ways to do it. As I’m finding out everyday.