Purchase price: $725,000 Cash invested: $550,000 82 UNIT Mobile Home ParkPurchase price 725KDown Payment 350kCapex 200k Funds to raise 550kSeller finance 4.75% 3 Yr balloonPrivate capital <15%

My broker just reached out and said they spoke with them and they will not extend coverage to own financing, that’s about it.  

We like owner financing deals because we are great at negotiation and we can create win-win scenarios with shorter closing times.

@Michelle Simoni seller-financing usually only works on sellers with a problem they are motivated to get rid of:1) Been for sale for 120+ days2) Nonperforming property3) Problem tenants4) Deferred maintenance issues5) No equity6) And obviously they want to get rid of the problem MORE than they need their cash out

Quote from @Dexter Florendo Kalai Aspacio: Have you ever combined seller financing with another strategy to close a deal?

This would be my first seller-financed deal.  

@Michelle Simoni an irresistible offer would be 90% down and finance 10% over 12 months.

You stated you are a new LLC owner? 

Many banks, like BOFA and Citi, have limits on the number of financed properties they support.

By the end of year 2 you can get bank financing.