Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 13 years ago on . Most recent reply

User Stats

123
Posts
26
Votes
Josh Sterling
  • Property Manager
  • Wyandotte, MI
26
Votes |
123
Posts

$1,000,000 seller financed deal

Josh Sterling
  • Property Manager
  • Wyandotte, MI
Posted

I've been looking for multi family properties for a while and finally came across one where the numbers seem to work, only problem is...they want a million bucks for it.

We have about $100k cash to invest, and they are willing to do a land contract with 25% down (250k) as they own the property outright.

Is there any creative way to pursue this deal being that I am about 150k short? I'm thinking something along the lines of financing it with a commercial mortgage and trying to get the seller to carry back 15%? would that be realistic?

Any other ideas?

Thanks

SR

Loading replies...