Possible seller financing deal

[Brandon Knudtson]

Hello BP community,

So I am looking into a potential deal on a 4-plex where the seller will finance for 2 years since the listed price is slightly over what I can get with a conventional loan (haven't talked specific terms with the seller since this deal is just in the beginning stages). My question is how do I make sure I can refinance the property in the 2 year window that the seller is willing to carry. Just trying to do my DD before jumping into a deal I don't fully understand how it works. Do I need to improve the property/raise rents enough over the course of the 2 years that a bank will give me a traditional loan at that point?

Thank you,
Brandon