Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
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
Followed Discussions Followed Categories Followed People Followed Locations
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

User Stats

40
Posts
3
Votes
Liz Kazeva
  • Flipper/Rehabber
  • Pittsburgh, PA
3
Votes |
40
Posts

Creative finance question - seller finance w/ hard money

Liz Kazeva
  • Flipper/Rehabber
  • Pittsburgh, PA
Posted

I have an off market multi family, mixed use, and single family rental portfolio with major upside potential in a sought after area. The seller offered me 30% down and 6% interest when I inquired about seller financing. I am in the midst of flipping 7 properties and the majority of my liquid funds went to down payments on my hard money loans for these flips. I am about to sell 3 of my flips, but I probably won't see that money back for at least 2 months. Do you have any ideas on how to put this deal together? At a 15% cap, my offer is approx $742,000. I can definitely get an equity partner involved. Do you think a hard money loan is feasible if the seller is in first position holding the note?

Loading replies...