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Updated 4 days ago, 11/17/2024
Owner finance question for a first time investor.
Hello everyone!
I am currently trying to get into my first multi-family deal. The seller is willing to owner finance 75% of the loan but wants the other 25% upfront. Of course, he wants me to cover any closing costs. Is it possible to get a traditional loan on the 25% and owner finance the rest?
All insight is greatly appreciated!