Owner financing, my bad credit and where do I get a 2nd for the remainder of the price?

Posted on: Tue, 12/01/2009 - 22:38

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Owner financing, my bad credit and where do I get a 2nd for the remainder of the price?

I am looking at a 16 unit complex 100% occupied for over a year. He is asking $690,000.00 he will finance $600,000.00 and I need to somehow come up with the other $90,000.00 but with horrible credit! I am afraid I will lose this deal! It brings in $7000 a month in rents $3400 in pos. Cashflow! Any ideas on how to work this deal would be appreciated or what I can do to get a 2nd for the $90,000!

Thanks a bunch!!!

Bryan Smith

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