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Old 06-22-2011, 12:23 PM
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Post I need HELP Creative Financing Strategy - Posted by Edna Terry
Posted by Edna Terry on June 22, 2011 at 12:23:06:

I am investing in NY on Long Island. Seller proposed SFR 1 year old house because he his moving at
$319000 $20,000 down $1988 a month and 3 years to obtain your own financing. I want to make an offer on this property as it will be used for a homeless shelter project and NYS will give me down payment assistance after 2 years. How can I make a amicable offer to SELLER, as I have nothing but 1 months rent and 1 months security?
The rental income possibility is $2700 per month after overhead costs.
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Old 07-09-2011, 11:14 AM
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Post Re: I need HELP Creative Financing Strategy - Posted by William Bronchick
Posted by William Bronchick on July 09, 2011 at 11:14:20:

Get yourself a partner to put up the down. Is this
really worth it in terms of equity? I see the cash flow
possibility, but #1. homeless people may destroy the
house and #2. Are you paying a price below market?
 

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