Seller Financing

[Donnell Evans]

I didn't get one minute of sleep last night because I had an idea about how a seller could finance my "skin in the game". The problem is I don't believe in being dishonest or not even giving full disclosure. What I was thinking was this;

Say the seller agrees to sell me their home here in Philadelphia for $100,000 and a hard money lender will want me to put up 15% of the purchase price for a 10% loan. Can I have an agreement with the seller that says they will pay $15,000 of their net and pay closing costs and we write up an agreement for $115,000, assuming 115k is 70% of the Value of the property? I believe this may be "Seller Assistance" I am defining but I'm not sure if this is right. I'd love help with this. In particular is this 2 different agreements or can this be on my regular P&S Agreement?