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Updated 4 days ago, 11/17/2024

User Stats

6
Posts
3
Votes
Lawrence Adair
3
Votes |
6
Posts

Owner finance question for a first time investor.

Lawrence Adair
Posted

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!

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