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Updated about 1 hour ago,

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Paige Gardner
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beginner sellers finacing and HML fix an flip

Paige Gardner
Posted

Hello, I have a question regarding about one of my strategies to get started in real estate without using a lot of money. S so I already have a hard money lender that accepts sellers financing deals however they would like to be first position. They are going to put 75% of the purchasing price. Am I able to do a seller's finance for the remainder 25% with the owner and then do a balloon payment at the end of my term with both the seller and the harmony lender when I flip the property. Is a strategy a practical one, especially me starting out as a beginner?

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