newbie looking for some ideas - Posted by joe salem

Posted by joe salem on June 30, 2003 at 18:05:13:

hi im a newbie looking for someones onsight possibly. Ive found a nine units total, four apts. and five store fronts. Owner seems pretty negotiable still needs some work but property will bring in 5k per month. Owner is asking 300k but i know he’ll come down. Thing is how do i do it . i was thinking take out loan for 140k give him 120k up front use the other 20k for any repairs let units payoff themselves.What other creative ways are there if he dosent go for my deal???