Owner Finance / Refi

[Nick Weidner]

If you owner finance a SFR for a year then refinance it using conventional financing - will you still have to put 20-25% down? Assuming there is equity in the property? For example seller wants $90k / house is worth $110k. Convention lenders I have used require me to put 20-25% down to finance the house. If I was to set up Owner Financing. Sell price $90k ...$10k down interest only then refi the remaining $80k after 1 year. When I refi the $80k, will I have to put any money down because I own the property? Or will I just need to just pay closing cost?