All Forum Posts by: Cody Burke

There is a storage complex, purchase price is 550k. The owner decided he wants to owner finance a 400k down payment and carry the note on the remaining 150k. Could I get a commercial loan for the down payment and let him carry the rest. Is that possible, with multiple liens on property. And help on this please.

I am looking at a self storage deal. The owner is asking 550000. He wants to 400k down and to seller finance the rest. Can I get a loan for the down payment and let him carry the rest. How does this work with the bank holding lien with the loan? Any feedback please.

I am looking for blogs to read in financing vs paying cash for rental property. Any links would be awesome. Thanks.

@Andrea Weule

THANKS for your input.

@Brian Pulaski

I’m in Arkansas

Just wanting any feedback on this deal.

Purchase 107000

Rehab. Approx 55000

EST ARV 197000

Time 3 months

@Hadar Orkibi. Solid handyman/carpenter that could move walls and do general work.

Do any house flippers have any contractor recommendations around Bryant or Little Rock area?

In Bryant, AR.  Can you PM me your contractor information.

@Andrew Postell. Thanks Andrew. The lender also uses this for a flip loan himself, so this may definitely be a better loan to use as a flip over rental.