Tips on Seller Financing

[Jordan Richter]

Hi everyone,

I am an out of state investor and I plan on investing in multifamily in Ohio (Dayton, Cincinnatti, Columbus) here in the next 6 months. A type of strategy that I've been intrigued with and have been studying quite a bit is creative financing, more specifically seller financing. I have enough capital to afford 20% down on a 150k property but one of my RE goals is to make my capital "stretch", meaning find creative ways to put less down so I can generate more monthly cashflow. If anyone wants to share any tips on how to get started, pros, cons, and/or things they would do differently etc. please feel free to share. Thank you!

[Simon Ashbaugh]

@Jordan Richter Basically the seller would carry most or all of the downpayment and at the end of the loan term you would make one big payment on it. Then you can either save up and pay it then, or, if theres some value add to be done you can refi and pay it with the equity gained.