Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply
![Jarrett Ware's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/638741/1621494396-avatar-jarrettw2.jpg?twic=v1/output=image/cover=128x128&v=2)
Buying First property with sellar financing
I'm trying to purchase my first house it is a 4 unit property for $330,000 and I am currently renting one of the units. It is a 4 unit property one 3 bedroom unit, two 1 bedroom units, and one 2 bedroom unit. All the units are currently rented but they are under rented for the area. The property is bringing in $2800 a month in rent. The owner is willing to sell the property to me for 10% ($33,000)down and then a mortgage of $1200 a month for 7 years then I will have to buy the property out right. The house is old but taken care of, everything works and looks good. The issue I am having is that I don't have great credit and I can't get approved for a personal loan or a conventional mortgage. How could I go about funding this deal.