Seller financing with a mortgage on the property

[Stefan Hirniak]

Hi BP,

Hope everyone is doing really well.  I have an opportunity to buy an off market deal in Spring, right outside of Houston.

I have a few  rental properties in Houston and looking to grow the portfolio but don’t have the down payment for this one right at the moment.

The seller mentioned he would be willing to a seller finance but when I spoke to my mortgage guy about this and mentioned the seller still had a mortgage he STRONGLY recommend I avoid.

Wondering if there are any creative ways  to do a seller finance with a title transfer or something that could trigger the do on sale or worse mortgage fraud.

Thanks for the help!