Buying my Grandpas Rental property

[Jaron Smith]

Hey everyone,

My grandpa lately has tossed around the idea of selling me his SFR Rental property. However I just closed on a triplex yesterday. My question is how can I get creative in acquiring my grandpas property without having 20% down right now?

Thanks y'all!

Jaron

[Account Closed]

Why don't you ask him if he'll owner finance it for you? Y'all could come to an agreement that works well for the both of you. Maybe he'll let you just put 5% down with a 5-6% interest rate. He may even give you better terms since he's your grandfather. He'll need to record a deed of trust and then after a year or 2, you could go to the bank and refinance.