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Updated almost 9 years ago on . Most recent reply

User Stats

92
Posts
18
Votes
Juan Ayala
  • Rental Property Investor
  • Albuquerque, NM
18
Votes |
92
Posts

Advice to purchase a MFH w/ two notes in Palmdale, CA

Juan Ayala
  • Rental Property Investor
  • Albuquerque, NM
Posted

I have a current MFH deal that will generate cash flow and is a pretty sweet deal. I am seeking some guidance from the BP family, to explain the way forward with the financing leg of this venture. I have done a seller finance with a SFH and it went smooth and i get that side of the process. But i don't get how folks use seller finance and bank loans to go in with little money down on their ventures. The owner is willing to finance up too 100% of the deal if the offer is right. They are motivated, so of course i would like to use that to my advantage to make a profit and offer them terms they are happy with as well. How do i approach commercial/bank lenders with these sorts of creative financing? Thanks for your time and any feedback you may provide.

  • Juan Ayala
  • Most Popular Reply

    User Stats

    92
    Posts
    18
    Votes
    Juan Ayala
    • Rental Property Investor
    • Albuquerque, NM
    18
    Votes |
    92
    Posts
    Juan Ayala
    • Rental Property Investor
    • Albuquerque, NM
    Replied
    Originally posted by @Mike Sedlacek:

    Have the seller structure a wrap around mortgage.

     Thank you! Definitely something i might try and work. 

  • Juan Ayala
  • Loading replies...