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Updated about 4 years ago,

User Stats

23
Posts
20
Votes
Mark Edler
  • Accountant
  • Philadelphia, PA
20
Votes |
23
Posts

Sellers Assist for Purchase thru LLC

Mark Edler
  • Accountant
  • Philadelphia, PA
Posted

Hello Bigger Pockets,

I am looking at buying two duplexes as a package deal from a single seller. The seller is motivated, and the cash flow prospects are good. However, I am not interested in putting a significant sum down for the down payment.

I am looking for some verification on the dynamics of a seller's assist for a commercial transaction. I know personal home buyers are limited to a 6% assist. Does the same go for commercial?

I would be buying the properties in an LLC and obtaining a commercial mortgage.