Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

75
Posts
37
Votes
Alex Cornwell
  • Rental Property Investor
  • Quincy, MA
37
Votes |
75
Posts

who pays the rest after portion of seller financing?

Alex Cornwell
  • Rental Property Investor
  • Quincy, MA
Posted

I have been marketing my area and the leads are pouring in. There are deals I want to jump on today where a seller is willing to carry 25-50% of the property cost. My question is, who pays for the rest? I have heard and read a number of times around here that I can find funding to come to the table with the rest of the funds to close the deal.

I'm fine paying closing costs and lawyer fees and I consider that to be skin in the game. Let's be honest those funds can be significant. 

I can't afford to come to the table with 10% over and over on top of covering fees.

I am in these properties for the long haul. I want to take care of them and give my tenants a great place to live. I have called a number of banks and lenders and all have declined to be part of this strategy. I consider marketing and selling the sellers on seller financing to be a great value add. 

Who are the people or institutions who can partner with me to make this a repeatable process? If you want to talk, I'll be here in Massachusetts. 

Most Popular Reply

User Stats

7,658
Posts
4,300
Votes
Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
4,300
Votes |
7,658
Posts
Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@Alex Cornwell

If I understand your post correctly, you want to secure deals with no capital of your own in the game?   It's a nice thing when it happens, but it's not a methodology upon which you can readily launch your business.

If  you have an established track record and are willing to take a small slice of the pie, you could probably attract private money willing to partner with you.  Until then, I'm afraid the easiest way is to bring your cheque book. 

  • Roy N.
  • Loading replies...