I'm trying to put together a real estate deal for a 4 plex to use as rental property.
I need money for the down payment ($15,000 - 10%). The total down payment is $30,000 (20%), but I have half of the money already (my own cash).
I currently own a 4 bedroom 3 bathroom house that's free and clear (inherited).
I also own 3 acres of land (inherited).
I know this may be a lot for one person to facilitate, so I'm willing to work with multiple people if necessary.
I can provide signed and notarized documents.
If one person can lend this amount, you'd have a FIRST position on the property lien.
If you can help at all, please PM me and let me know how much you can lend and what your terms are.
I'm a serious borrower with decent credit, but not enough liquid cash to make the purchase without a loan.
I can pay back the loan in 30 days or less. I plan to take out an equity line of credit, but it takes 15 - 20 days for my bank to approve, and I need to move on this deal in the next 5 days.
Please let me know if you can help. Thanks.
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