Low down payment on commercial property

[Dominick Dahmen]

Does anyone know if there are conventional ways to get a low down payment on commercial property? Or is it all creative like seller carry the down payment etc.?

I'm thinking for a 19 unit apartment and possibly mobile home park.

[Brent Shields]

I have never been able to get a low down payment with a bank on a commercial property.

The times I have made it work it has always been an older person who owns the property and I ask them how they feel about paying taxes, if they have a huge negative reaction and really really hate paying taxes,

then I tell them they don't have to pay taxes now on anything they carry back.

Of course I ask them what they are going to do with the money and if they say nothing, they don't have any use for it.

Then I start explaining the tax benefits of them not pulling cash out of the sale. 

Every once in a while it works out great.