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Updated over 4 years ago, 08/21/2020

User Stats

89
Posts
34
Votes
Season Price
  • Flipper/Rehabber
  • Maryland
34
Votes |
89
Posts

Seller will carry partial note. What's the best strategy?

Season Price
  • Flipper/Rehabber
  • Maryland
Posted

Hi. I have an off market, 12 unit I am looking at purchasing. The seller will carry 35%. Asking price is 300k. Gross income was 67k last year. Profit was 40k. All but two units are rented out right now.

I don't have the 65% to purchase the property nor do I have someone to partner with.

My question is: Is there a way to structure this where I can benefit from the seller being willing to carry a percentage, and then I get a loan to cover the rest? I'm not sure how to put something like this together.

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