Partial Seller Financing

[Zach Denny]

Hi BP,

I'm wondering what people's experience has been with partial seller financing. I've heard stories on the podcast of financing 75% conventionally through the bank and basically doing seller financing on the down payment, so 25% to them. So the buyer doesn't put much down and just pays the closing costs.

I have a seller who is willing to do this, but what about the bank? I assume they won't like this? They may ask where the downpayment is coming from?

Some mortgages also don't allow a second lien on the property, so how do you provide the seller with assurance?

Thanks BP!