beginner sellers finacing and HML fix an flip

[Paige Gardner]

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?

[Twannisha Jackson]

whatever you do, avoid balloon payments girlie. I don't believe this is a good deal, especially with you just getting started. sharks are everywhere, especially in real estate. get a few more (at least 3) other hard money lenders or look into house hacking with 3% down. take care.