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Updated over 2 years ago on . Most recent reply

User Stats

20
Posts
8
Votes
Tori Applegate
  • Realtor
  • Woodstock, GA
8
Votes |
20
Posts

Private money and Owner Second..on one deal?

Tori Applegate
  • Realtor
  • Woodstock, GA
Posted

I am working on getting my first deal. I found a 6 unit and the seller will do partial financing. I'm just starting to dive hard into looking at PML and HML as creative options. I'm just unsure how I could structure this and I'm looking for feedback/answers. I'd love to seller finance part of it and then use a PM or HM lender to help with the rest as well as rehab costs, but I'm unsure if that's even an option.

I'd like to BRRR it into a long term rental after. Do you think I could structure it without putting down my own money? The ARV when I'm done would be significant, at least a 20% gain from its current state.

Thanks in advance for your help!

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