100% Seller Financing at 75% Market Value

[Michael Chilton]

I heard an interesting strategy discussed on episode 1932 of Joe Fairless’s podcast with guest Joe McCabe. The guest uses 100% seller financing at a purchase price that’s 75% of market value. After 3 months he refinances with a traditional loan and has 25% equity. Sounds like a great strategy if you can get it, but seems like it would be very difficult to find a seller willing to go along.

A similar, but perhaps more palatable solution, would be to make an offer at 75% of market value and ask for the seller to finance the down payment required by the lender.

Has anyone executed either of these strategies? I’d be interested to learn how to best propose them to a seller.