Which means I will still need to finance about $400k for each property at about 9% rate (the rate is high because we'll using a commercial loan as we'll be purchasing the properties under an LLC).

@Eric EdlingThis sounds like seller financing which has been around since the advent of time.

Hey Forrest depending on the Loan to ARV you should be able to qualify for 90% of the PP + 100% of Reno financed. 

primary residence How did you finance this deal?

Financing? 

You mentioned owning 10 apartment buildings - do these all have conventional financing?

Hi @Ian PorterI work with contractors building their own projects, both setting up the financing and bringing in external equity investors, although this will be more in place in a few months when I plan to start bringing investors from Sweden.

Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.

I get a Landlord policy and pay a higher rate while they are vacant.If you have major structural work to do then get builders risk insurance, otherwise just hire licensed and insured workers for cosmetic work.Without a Quiet Title you may not be able to refinance or sell the property to a buyer using financing.

The seller seems motivated to sell, which has piqued my interest in exploring alternative financing options.I'm seeking advice and insights from the experienced members of this community who have successfully utilized creative financing strategies in the past.