How can I buy this deal?

[Cody Godfrey]

I’m looking at a duplex in the City of my hometown. It’s an off market deal I found for 75,000. The seller still has a mortgage owing the bank about 55,000.

I’m trying to be creative with coming up with financing options to purchase this house as I really don’t want to put 25% down to get into it. I was hoping to raise cash, pay the seller, lightly rehab the two units (they’re both already in good shape and wouldn’t take more than 3-4,000 each to make them higher end rentals in the area), raise rents (at least $100 too low per unit), and then refinance out in which I think the property would then be worth north of 100,000. If then pay off the initial investors and cash out and remaining equity for a new deal.

I’m a seasoned property manager and currently own a triplex so this would be my second personal deal but I manage 130+ units at my day job so I’m no noob.

How do I go about raising cash for this deal or, does anyone have any creative financing strategies other than 25% down?

Thanks in advance!