Owner Financing on a multi-use property

[Account Closed]

Hey BP, I came across a deal on a multi-use property. I'd like to attempt to owner finance. Anybody have advice on this? Typical down pmt, financing, ballooning? Any help would be great! Thanks

[Marco Bario]

@Account Closed -

Believe me when I say that everything can be negotiated when it comes to seller-financing. In fact, I'd remove the word "typical" from your vocabulary. Imagine it (assuming it's legal) and it's been done. 

A starting point is wrapping the seller's head around the possibility. Usually, they would be motivated by the ability to receive ongoing payments without the headaches of property ownership. There's a tax advantage also given that they can spread capital gains across several years. 

Seller-financed payment streams can be sold as well. In fact, there's quite a bit of flexibility around how the payments can be sold - including partials, splits, and full. 

Please let us know your specific questions and I'll be happy to answer them.