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Updated almost 6 years ago on . Most recent reply

User Stats

67
Posts
4
Votes
Tony Johnson
  • Arlington, VA
4
Votes |
67
Posts

Creative financing strategies

Tony Johnson
  • Arlington, VA
Posted

I am looking to purchase 2 off market triplex buildings in California. The seller is willing to owner finance the properties. My question is can i get an FHA loan for both properties where they pay 95% of their appraisal. Would it be possible to ask the seller to hold the 5% and get this property with no cash down? Both triplexes are fully rented and rents can be raises on the property by 100 bucks with a little TLC. I am a new investor and wanted some strategies on how i can go about acquiring this property possibly without putting cash down.

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