How Would You Structure This?

Here is the deal



23 properties for a total of 43 units.

Owner will finance with 220k down

Total purchase price with owner financing is 1.1million

If buyer has financing price drops to 900k

After all expenses(including a 6% mortgage) net income on properties would be 130k a year



What I have:



A 700+ credit score

Access to business line of credit



One of my thoughts is use my business line of credit credit for the 220k downpayment. Pay that credit line back in two years or less and leave the owner financing in place. Only downfall is my business line of credit has around 12% interest



Would appreciate other ways of doing this and all advice. Thanks!!!





[ Edited by jamieverkist on Date 09/17/2008 ]

Comments(0)

Add Comment

Login To Comment