I've heard about this deals... it seems it is possible to get something like this with no money from the buyer if the seller will finance a big chunk of it and the bank put the rest... in my case has been more conventional... 20 or 25% down. From what I been seen in the market these days, the lenders do want you to have some skin in the deal... they wanna deal with pigs, not the chickens (pig gets in the deal to provide the bacon, chicken just puts the egg, nothing to lose). If the track record supports a deal like that then probably the property would command a very good price.
So what I am saying is, it is possible, not that probable. I do know that SteveO gets into deals with 0 of his money (investors and the banks put up all the money but his track record is the one making the deal happening).
Added: So, it is the track record of the Manager, not the track record of the building, that would make this possible.
So what I am saying is, it is possible, not that probable. I do know that SteveO gets into deals with 0 of his money (investors and the banks put up all the money but his track record is the one making the deal happening).
Added: So, it is the track record of the Manager, not the track record of the building, that would make this possible.
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