Hi BP! I'm new to the real estate industry and the seller financing option is attractive because I see the option to purchase an investment property with a downpayment smaller than 20%. Lack of capital is my largest blocker to entering the real estate market right now, so less than 20% is appealing. Hard money lending is a possibility, but that decreases my cash flow. At that point, I'd rather use hard money to fund the downpayment and go the conventional route - at this point at least. I'm open to new ideas to learn.
I'm curious to know: what is a standard or average seller finance deal? I realize the true answer is "It depends" because each situation will differ based on the property, the location, the seller's situation, my situation, etc., which is why I ask about a standard/average deal. For simplicity, let us assume that the seller is willing to do a seller finance agreement. What kind of options are available that I could use to entice the seller to accept a 5-10% or smaller downpayment on a seller finance deal?
