looking into buying a bar/ restaurant

[Eddie Burkacki]

hey BP community, I am currently looking at a bar / restaurant looking to purchase it. the seller is offering owner financing with 125,000 down. is there anyway to get a private money loan for the down payment and maybe take the bar over and run it by myself and in the next year or so I could refinance it and pay the sellers and the private money lender off and have complete ownership?

thanks for answering in advance!

[Tanner Pile]

@Eddie Burkacki 

Finding a private money lender is definitely an option. There are many ways to find one and is usually some one you know at the beginning. They would want to see all the numbers and how you plan to pay them back as well. I have gone to family to partner with me on deals several times as hey are someone that will know, like and trust you from the beginning. 

@Henry Clark gave some great questions for you to ask your self to see if this is something you will want to pursue.