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Updated 11 months ago,
Can I use a private money lender on a long term seller financed buy and hold?
Hello Community! I have come across a wholesaler who is assigning a contract on a property where they have negotiated seller finance terms with the owner. There is a down payment needed to get into the deal and terms are set in place. I'm wondering how I could utilize a private money lender for the down payment and how this could work if this was a long term buy and hold or even a BRRRR. This is a 6 unit complex with various lease terms in place with one tenant having a year lease. So I'm wondering how this would work if we didn't fix and flip it or fix it up and refinance out right away. Any advice would be great. Thanks!