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Updated over 4 years ago,
What is your strategy to get seller financing?
So question, when you are looking at a property you know you just don't have the down payment for, have you ever asked the seller to hold a certain percentage of the mortgage? I have spoken with a number of people that will not take the plunge, because they just can't seem to find that "down payment". Hard money lenders are looking for the skin you have in the game. (20% - 40% depending on the deal)
So what about that seller financing option.
So, what is your approach and do you even attempt to ask...?
So what about that seller financing option.
So, what is your approach and do you even attempt to ask...?