Posted by Steve-Atl on December 16, 1999 at 21:50:34:
Easy. Ask you father-in-law to finance the sale for you. Does he have existing financing on these properties that he can wrap to you? If he needs cash, he could sell a stream of payments on the note from you. You need to see what your father-in-law really needs to see if something will work for both of you.
investments - Posted by George
Posted by George on December 16, 1999 at 17:24:09:
My father-in-law has offered to sell me five rental homes valued at $40K each. We plan on executing transaction in Jan 2000. My question is that with a 20% down payment I would have to put down $40K for the five properties. Is there any way I can reduce the amount I have to put down? Expected monthly rent is about $800.