I have an opportunity to purchase an off market duplex in Clearwater, Florida. The purchase price is $375k. I am able to put 10% down. The seller is willing to carry a 15% down which would give me 75% LTV. I have good credit and currently own my own home and another rental property.
This duplex is occupied by 2 renters, each paying $1400 a month for a total monthly income of $2800 a month. The property is in average condition but no major rehab is needed. This would be a long term investment property for me. One great thing about this property is that it is just 4 blocks from the Gulf so beach proximity makes this a very high demand property. The seller inherited this property and would rather sell it to an investor like me than to put it on the market and pay a Realtor 6%.
Can any of the lenders out there do this loan with me putting 10% down and using a 15% seller carry for the rest of the down payment? Good credit, close to $100k verifiable income for me.
I can do this loan for you if you can put 15% down. I have an option to allow for a 10% carry on 1 to 4 unit purchases. Rate and term you would be at 6.75 to 7% with 700 credit score on a 30 year fixed.
Jamie, we will be happy to do this loan, please fill out the form so we can give you a quote. Thanks.
Reach out to me if you are still looking for funding, I can do the loan for you.
My name is David lessnick with Lenders Capital ( private person lending ) and can do a loan at 5% interest rate.
I’m lending now
no hidden fees
Contact me for more information
25% Down = 10% Buyer Down + 15% Seller carry
Pretty standard & totally doable
Hello Jamie, hope you are staying safe with this pandemic we are facing. If you are still seeking financing I may be able to help
Visit my webpage and complete the application, once I review your request I will call you.
Have you received funding for this project yet? If not i maybe able to assist you. Let me know when you have a moment at email@example.com
Thanks for your time
Please contact me on firstname.lastname@example.org