Creative financing. HOW?!

[Chris Brenner]

Hey there! I have a weird creative financing question for you. Have you ever heard of a deal where the seller carried the financing? Like say I dont have 20% down on a 100000 property. The seller has 100% equity the property or a majority of it. The seller agrees to ”gift” the buyer the 20% down by using equity in the house. The buyer and seller agree to pay the 20% back to the seller at whatever agreed rate and time.

Therefore the buyer obtains the property at essentially 0 out of pocket, but is on the hook for a mortgage and paying the seller back? Have you heard or experienced this? How do you structure that as a win win win? Thank you for your time