Multifamily and STR Deal Structure

[Andrew Chamberlain]

Six cottages and one 3 bedroom home across the street from the ocean in beautiful Washington State for $1.4M. I am working directly with the owner who is flexible on the terms.  I am looking for suggestions on creative ways to structure the deal that would protect the owner and myself.    I was thinking partial cash down at contract and pay the balance after the rehabs are complete with cash out refinance or something similar? Suggestions appreciated

[Lien Vuong]

Why don’t you just do seller financing on it with a $x down payment but do delayed payments for 6-12 months while construction is happening so you’re not making payments while you’re in the middle of rehab and vacancy. 

Get it going and once it’s performing you can refi into a commercial loan and pay him the balance.