TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

This type of property would be very challenging for an EXPERIENCED investor to take down. 

What made you interested in investing in this type of deal?

Would make getting that type of loan more do-able if you don't have experience yourself. 

Both of those could put an investor where you are today - unfortunately.I can tell you that I believe I've avoided these types of issues from happening on my deals because I joined coaching programs and had mentors.

If your willing to do so, you can live in the casita and then rent out the main home and have your tenant pay the majority/all of the mortgage (depending on what type of deal you find obviously). 

Other types of sellers that are making deals easier to get done are those with assumable debt available, and sellers with the ability to seller finance there properties.

These types of loans are meant to be quick in and quick out. 10% does not seem out of ordinary for a fix & flip loan.

Appreciate any guidance.Best regards  There are a couple of types of SDIRAs.

@Katie Camargo   What we do as a lender on these type of deals is what we can an "as-is 2 step".