Interest Only Seller Financing

[Jeff Montanya]

Can anybody help me understand how to structure and use an interest only loan to acquire a potential free and clear seller finance deal. The seller is willing to take 5% over 10 years. I’m trying to negotiate him to longer terms. The goal would be to wrap the note to end buyer but not sure how or if I could refi the underlying debt when there will be no principal reduction and he is wanting market value. Seller knows that if he reduces price then potentially he won’t make his full asking price if it’s sold within a few years. Hope I’m making sense here. Thanks in advance!! #nosuchthingasadumbquestion 🤘