Commercial Property Almost Free
The owner wants 105k for a commercial building...he is very ill and simply wants to get rid of the property...He said he would take 70k and he take back 30k....How does this work??? what lender will finance me for 70k with a 566 credit score...is this possible? Any suggestions????
Its going to depend on how much the property is worth. if the property is worth 500k, and your getting it for 70, it should be a walk in the park, but if its woth 115, and your getting it for 110, it may be a little more difficult. Also, downpayments help the bank say yes also!
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