I would like to figure out how to take ownership of this rental property that is being offered to me, but I seem to be having a hard time figuring it out.
It is 4 units with a monthly income of about 2500 and expenses between 500-600 dollars. The asking price is 172,500 but they would be willing to do a lease option with 20% down. Unfortunately I don't have that money either. Even if I can't take ownership I would like to try turn some money on this property. Any ideas?
Edit: comps are going between 170 and 190. No repairs are needed, the seller is only selling because they want the cash to free up some cash for other investments.
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