Owner Carry Seconds on Apartment Buildings

[Mark Allen]

I'm interested to hear about investor's experiences with negotiating deals where sellers have provided secondary financing so that the property was 100% financed. I've done this in the SFR space, but would like to hear stories with MF assets. - What are likely scenarios where a seller may be interested in this option? Is the target seller typically someone retired in 70s/80s? - Is it common in an "up" market. - other than reducing seller's taxable income, what are other reasons why this option might be attractive. - what kind of rates have you negotiated. Share your story!