Need help picking creative financing

[Aaron Ferguson]

How should I approach owner about creative financing for this multi family property in Colorado?  Listed at 1,350,000.  Owner owes 1,000,000 to the bank and open to creative financing.  I have about 80k in cash reserves.  What is the best way to use little of my cash reserves, make seller feel happy with offer, start generating rental income, and pay little down on the property where all people involved are happy?  

[James Baker]

@Aaron Ferguson

I would %100 partner with someone who has a lot more money and knowledge than me.

When you get into the millions, you don’t want to mess around.

I’m not sure what the seller means by “creative financing,” but I don’t think he’d be open to seller financing $1,000,000+

If you have access to private money I’d start there.

It all depends on what you want to do with the property.

Watch out for holding costs with a property that large.

Good luck!