Hi all,I have this property located in Huntington Beach, CA and the owner is willing to do seller finance of 1.2 mil with a 2 years balloon payment. 

hello im an investor based out of central Illinois and im looking to get financing from private money lenders looking to make a passive income does anyone have any suggestions oh who or where to start??

I am trying to develop a long-term default financing strategy to fall back on before making my first investment, and would be thankful for any feedback which could be given for the one described below. 

If you are financing 80 percent or more of the property, positive monthly cash flow to start out, is going to be very difficult.

How did you finance this deal?

If your finances and credit are in good standing, it sounds like conventional would likely be the best way to go, if it’s your first rental property.

It's also unlikely you'd get financing and, isn't taking debt on a depreciating assets one of the big no-nos?

Kareena, that's the marketing number, you really need to get the T12 proforma from them and check their underwriting, what's the NOI every year, their financing, their DSCR, their waterfall, their acquisition fee and their sensitivity analysis to interest rate changes.

By selling all units to us, he didnt need to do that, and because he's financing he will earn money over 5 years like he hoped.

I'm on a continuous journey to expand my knowledge in this field and am keen on leveraging my background in finance and real estate investment to contribute to mutual growth.