Re Fi after 3 years of seller financing?

[David Rutledge]

I am looking at acquiring a package deal of a few properties with the use of seller financing for 3 years with a balloon payment at the end of 3 years.

I am relatively new to the investment business and I have only ever gotten regular conventional mortgages before. I was hoping to get some advice on how re financing the property after the three years of seller financing. Is that a possibility? I am pretty much clueless on this topic so any kind of information on this will be really helpful.

I think re financing will be the only I will be able to pay off the property after three years so I want to make sure that is an option and I am not stuck with a debt that I cannot pay etc...

Any advice or insight on what I can do with this situation would be greatly appreciated.

Thanks so much.

David