Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Philip Fraccalvieri
  • Real Estate Investor
  • Centereach, NY
0
Votes |
4
Posts

Seller Provided Financing For Down Payment

Philip Fraccalvieri
  • Real Estate Investor
  • Centereach, NY
Posted

I'm curious if it is possible for the seller to finance my downpayment. I'm looking to purchase a duplex in Long Island, NY. A down payment of 20% would be $70,000 for the property. I currently have $100,000 in cash but I don't want to tie that up. Has anyone done this type of deal and is it even possible to do since I want to get a conventional mortgage on the property and I'm not sure if the mortgage company would even allow this.

If this can't be done what other creative financing options can I explore?

Any feedback would be greatly appreciated.

Loading replies...