Confused about seller financing...

[Ryan King]

I've always thought seller financing was a good option in place of traditional bank loans but I'm not really seeing a benefit after looking into it. Most sellers want a balloon payment after 3-5 years. That's pretty fast. If I'm not qualified due to DTI now, I probably won't be in 3 years and the bank still isn't going to want to loan the balance to me right? After 3 years in a low volatile market, I would doubt I'd be at 25% equity either. So basically you need to have 20-25% upfront (needed for bank loan anyway) and you need to be able to figure out financing in a few years. Am I missing another exit strategy?

Thanks!