Private Money + Seller Finance

[Bryce DeHaan]

I am generally new in the real estate investing world but I want to get my hands on a multi family property. I have too low of an income to qualify for a large loan at this time and no money to put down. My question is if I can find a private lender to fund my down payment and use seller finance as the "bank". I understand that by doing this, my private lender would be receiving all of the cash flow and I would put nothing in my pocket for the length of the private loan. I am aware that eventually after minor repairs I can refinance and pay off both the seller and my private lender. What is the best option and how do I get them to understand that one of them will have to have 2nd priority lien? I've gotten very creative given the position I am in and I will not go for SFH even though I know that is an option. I have my mind set on moderate to large multi family. I am an open book other than that and I would really appreciate any insight. I am a married 21 year old Veteran with 2 kids and i want to be able to start young and teach other people about what I've learned. I'm obsessed with real estate and I would appreciate any advise! Thank you!