Advice on Structuring a seller financed deal

[Brandon Ruder]

Hi,

I am new investor looking to invest in multi-families in San Diego. On the MLS I ran across a house with an ADU. The seller has plans (though not submitted to the city) which would involve tearing down the ADU and building two triplex in the lot behind the house.

The seller has offered to seller finance and/or take on a partner for the build. I do not have as much capital as the seller but am willing to put in the time and energy to manage the project.

Does anyone have suggestions on what else I could offer in exchange for providing less capital upfront or how to structure the deal? Also, terms should I expect with seller financing? 

Thank you!