I’ve been looking at multi-family units since I’ve gotten interseted in RE investing. There’s 1 guy here in New Orleans, that’s selling (4) plexes at 155k each, I’ve talked to him in person, walked with him and looked at the outside of them (tomorrow we’re going inside of them). I asked him would he accept 149K, he said that he’ll do owner finance at 6.5%, but needs 5k down and I’ll get 2k back at closing.
So far, these are the only hurdles that’s holding me back from completing my 1st deal, I think :
Now my qusetion is, will hard money lenders loan me the money I need for closing, inspections, etc.?
Thanx a bunch…