Stumbled upon a seller looking to sell his portfolio. Need Advice

[Skyler Shively]

Want to start off with saying that I have only purchased rentals traditionally with 20% down. Realtor friend that I work will found a seller looking to sell off 24 sfh units. I do not have the money for a down payment, I always hear of people using private leaders or equity partners for down payments, but I have no knowledge of how that works. Seller is not interested in seller financing the whole portfolio, but may be able to talk him into financing the down payment if that is even possible? I would love to acquire 24 more units. Any advice would be greatly appreciated. Thanks!

[Joe Villeneuve]

Quote from @Skyler Shively:

Quote from @Joe Villeneuve:

Why isn't the seller interested in seller financing?

He did not give a reason why he doesn't want to seller finance. He seems dead set on selling them individually on the MLS.
Would be a nice boost to my portfolio, would like to figure out a way
to get the deal done that is mutually beneficial for both parties.

He is going to walk into one H3LL of a tax problem that Seller Financing can solve.  He would make a lot more money,...more important he would KEEP a lot more money, and it would cost you a lot less if Seller Financing could be involved.  If it was me, I'd just go ahead and make a Seller Financing offer (must be in writing to make sure he sees it) anyway, with a cover sheet that shows the differences between a conventional sale to him vs Seller Financing, and how he wins big if he took SF.  The cover sheet is the MOST important part of the offer.  It must be written and presented in a way where at a glance he can't miss the differences...and then wants to see how and why,...by turning the page and going through the details/explanations of the how/why.  It's always in the math,...and how it's presented. 

Hey, the way I look at it, what's the difference between making an offer  using SF, ...and then get turned down,...or not making any offer at all not because you can't aren't able to make an offer using traditional financing ?  In the end, nothing,...so you might just as well make the offer, because the real difference is if you do make that SF offer, and they see it is the best way for them, you might just get the offer accepted.