All Forum Posts by: Lawrence Adair

Thank you so much for the response! 

Hello everyone!

I am currently trying to get into my first multi-family deal. The seller is willing to owner finance 75% of the loan but wants the other 25% upfront. Of course, he wants me to cover any closing costs. Is it possible to get a traditional loan on the 25% and owner finance the rest? 

All insight is greatly appreciated!

Hello everyone! 

I am coming on here to ask for advice or past examples. I’m currently trying to buy a deal owner finance with little to no money down. That i plan to live in and fix for the next year or so till i plan to rent out. Is there any type of possibility where I can structure a deal to get it under contract with owner finance with little to no money down. All your responses are greatly appreciated! 

Hi James, 

So I would love to go the traditional route, But I work a commission based job so qualifying isn’t as easy. Though I’m not gonna let that stop me from purchasing this year. I definitely will refinance down the road, but I want to make sure I’m making the smart decision now and purchase with the intent to either rent long-term, or do short-term rentals. 

The main worry I have, is starting a short term  rental business.  I don’t know if that is something I want to start with all of the competition right now. Hope that makes sense.

I wasn't sure what I should pursue when it comes to the purchase so I definitely do have to look at what I can take on. Cause the ambitious side of me wants to purse an owner finance with the intent of a short term rental. Then the other wants to purse the BRRRR strategy with a long term tenant.

So I definitely do appreciate the feedback!

Hello, I’m going to be purchasing my first owner finance deal this year in San Antonio. Can anyone offer some insight or good practices to do when purchasing. Also I’m having trouble of thinking about the highest and best use for the property, as it will become an investment property.