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Updated over 1 year ago,
Seller-carry back financing lender in Maryland?
Hello,
I have a seller that I've worked with numerous times in the past who is willing to do a "seller-carry back financing" option for purchasing a property that he has (he flips homes, and I've purchased two from him in the past for rentals)
I am in search of a lender who would support doing seller-carry back financing and tips on finding those types of lenders. I've spoken to some "investor" friendly lenders and they were not willing to do it, so curious about what tips/tricks people find to locate lenders willing to go this route, or things to "google" to find those types of lenders. I'd primarily be looking at this just for the down-payment (i.e. covering the 20 - 25% amount).
My credit is good-to-excellent (750+), and I currently have 7 LTR units and 1 STR. I have some strings I could pull on for the down payment like standard refinance on one of my other units, but I'd like to explore doing something like this for practice.
Thanks, and I appreciate all of the help!
- Dustin