Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

114
Posts
73
Votes
Michael Hyun
  • Investor
  • San Jose CA
73
Votes |
114
Posts

Combining Non QM loan with seller financing to buy a rental

Michael Hyun
  • Investor
  • San Jose CA
Posted

So I just heard that there is this financing option where I can combine Non-QM loan for 50% of the purchase price, and then seller finance the 40%, and then down payment for 10%.

If I can get the 40% of seller financing at 1-2% interest, that would make a good deal a great deal. 

Pros:
- only 10% compared to 25/30% down payment. I'm looking to buy as much real estate as possible in the next 5 years so this is big.

- Much lower monthly payments

Cons:

- harder to find a seller willing to finance

- Having to deal with the seller? I'm not too familiar with seller financing. What if they want out?

Any thoughts on this?

Loading replies...