Help, Need Financing Solutions

[Hoa Nguyen]

Hey everyone! Have a situation that I want some input on. What financing options do you think is best for this situation.

Lady is selling 6 individual condominiums in the same complex and is willing to do a bundle deal. Each unit is for sale at around 50k. All units have tenants and each unit is in great turnkey condition. She bought the homes with funds via HELOC. I really want these units! But the problem is financing. I love owner financing and CFDs, but unfortunately she isnt willing to. What other options do I have that will give me a lower to no downpayment if any?

[Stephanie P.]

Quote from @Hoa Nguyen:

Hey everyone! Have a situation that I want some input on. What financing options do you think is best for this situation.

Lady is selling 6 individual condominiums in the same complex and is willing to do a bundle deal. Each unit is for sale at around 50k. All units have tenants and each unit is in great turnkey condition. She bought the homes with funds via HELOC. I really want these units! But the problem is financing. I love owner financing and CFDs, but unfortunately she isnt willing to. What other options do I have that will give me a lower to no downpayment if any?

Hey Hoa,
You're going to have to qualify for a conventional loan for these, so beware the investor concentration or the percentage of ownership by one person or entity may make these condos non-warrantable. 
Unfortunately, they probably won't get done by a DSCR broker because they are too small.  Even doing a blanket would require a minimum value per door and I don't think they meet the threshold.
Regarding your question about lower to no down payment, that won't work in this situation if you're going conventional.  Non-owner condos are going to need a minimum of 15% down. https://singlefamily.fanniemae...
Stephanie