Need Ideas For Downpayment Options On Seller Financed Multi-Unit Properties

[Scott Shafer]

I am interested in buying a small multi-unit property with seller financing to get started with cash flow properties. Can anyone recommend strategies for financing the downpayment of seller financed properties. My market is San Diego.

[Steven J.]

Scott,

To locate your downpayment you can partner up with another investor, or find someone will to be a private money lender that you write a note for which guarantees them better return than you can get in the bank.

Perhaps your seller may be willing to take that note of the downpayment and the terms on that note is different than the terms on the rest of the deal.

You might be able to put the title of a car, or RV, or even another property on the table if you don't fulfill the requirements of the note.

If the property needs any repairs you can use your skills, if you have any, to compensate for that down payment with the agreement that the price is negotiated to a better price. Some sellers would rather see the sold price higher in order to keep face about their investing habits...

You could sell your kidneys

I'm sure there are many more suggestions. Good luck!