Downpayment for Multi-Family

[Luis Cruz]

Alright guys so I'm looking at a couple of properties, and I'm liking the numbers. My question to you guys is since I am just starting out, I don't have all the money to pay for the down-payment of the property. I want to know the strategy for you guys to find away of negotiating the down-payment on the property. As in Roll it in to a monthly payment for them and pay it off slowly. Could I possibly do that? How would you approach this method? 

[Anthony Dooley]

@Luis Cruz you can ask the seller to carry back the down payment, but you have to give them something in return. What is in it for them? Higher sale price, interest, short term, etc. If you are using a traditional lender, this is non-negotiable. You need to find a partner that has some money to go in with you. Again, you will have to give up something. Equity, Interest, etc. Nobody rides for free.