loan is due every 5 years and it is currently up now. 

How does one take the owner finance situation to a bank and turn it into a 30 year loan to hold without an additional down payment of 20 percent ?

We’re now listing at $4,295/month.Financial details:- Loan balance: $640k on a 30-year fixed @ 2.85% (PITI: $4,020/month).- Selling could yield $400-$600k, mostly tax-free, if sold by spring 2025 while within the 2 of 5-year capital gains exemption.Options:1.)

I would probably structure it as debt like a loan and possibly break it up into quarterly payments or whatever you think will work best for you as far as repayment. you can get creative....

We had to move to Jackson MS for one year to work on 220 defaulted loans I owned.. that was no pick nic..

The price was 500k and we used a DSCR loan for the purchase. 

I assume you are using professionally prepared loan documents, yes?

Quote from @Chris Seveney: @Joel BarjonThe servicer of the loan should send this to you.

I have some ideas about how to make this possible (partnership, private loans, refi/heloc, or combination)...But what would you do in my situation, if you were starting your portfolio from the beginning in 2024?

With cash - you can get deals that you cannot get with loans.- you can refi later- you can carry the insurance you want, not what the lender wants