Caleb McLean Posted April 28, 2021 Share Posted April 28, 2021 XPost from r/realestateinvesting: "Hey all, I've found a deal in FL I'm considering. The seller wants $239k for six duplexes. I've run the numbers and everything meets my parameters. And then the agent lets me know it's a cash only deal... Le grrr. He says he can get private lending for 10% and 30% down, interest only payments. I've said I can do $220k at 25% down. This will leave me with decent reserves. Has anyone done a deal like this? What are the pitfalls. Near as I can tell , not being able to refi in a year is all. Not going through a bank is terrifying but my gut says go for it. Thanks in advance!" What do you think, given only this information? Would you go for it? Quote Link to comment Share on other sites More sharing options...
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