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Updated over 1 year ago, 08/29/2023
Multifamily Seller Finance objective.# creative financing #purchasing multi #help
Hello everyone, we have been experiencing some difficulties with multifamily seller finance deals. Our approach involves using traditional lending for a large portion of the down payment and incorporating a seller carryback. we are very clear in our LOI, informing the LA, and when we present our POF. However, we have encountered issues with sellers backing out at the last minute due to concerns about being in second position. Can anyone offer any advice on how to address this concern ways around them being in second position or strategies you're using?