Down Payment on Owner Financing

[Alice Foster]

I'm hoping to buy an investment property (duplex or triplex) with owner financing and wondering what if any options exist to find a loan to cover part of the down payment? Aside from friends and family-hard money lenders or bridge loans? 

Ideally I'd save up but hoping to make this happen quickly and don't have the full amount. Any advice or ideas appreciated

[Wyatt Franta]

Alice,

You will need to get creative with current ownership. If you don't qualify for a loan and don't have close relatives to provide you with capital, your most likely option would be to sit down with the other side and figure something out.

Explain why you don't qualify due to self-employment and discuss some ideas. For example - "Buyer & Seller agree to a 10% down payment to be paid in full by 01/31/2022". You'll be able to close on the property early, and Seller will get his money by an agreed-upon date. Real estate is the wild wild west, you can negotiate anything with a motivated enough party.

Good luck.