If they are financing the purchase with hard money loans, they would need to acquire the property at 70% to 75% of the ARV minus repair costs to maintain that profit margin.

Make sure you work with a lender before looking for a deal to ensure your buy box will get you a property eligible for financing. 

How did you finance this deal?

@Bobby Eastman Equity Bank would finance the deal if it made sense to the.

I found it through one of my partners, a local wholesaler How did you finance this deal?

Hard Money Lenders will look at a few things depending on whether you're applying for bridge or DSCR financing, but primarily your FICO, LTC/ LTV, DSCR, and Location.

We’re trying to close on a seller financed mixed use building.

To learn more about financing choices tailored to your unique circumstances, think about having a conversation with a financial counsellor or mortgage specialist.Remember, real estate investing is a journey, and it's okay to start small and grow over time.

Moreover, while there is currently a lot of hype around seller financing and low and no money-down investment strategies, the reality is you need capital to be a player in the space.

However, it's crucial to thoroughly evaluate all costs involved, including land expenses, construction costs, and potential challenges with financing.