The deal can be structured so that you "the seller" carry back a $90,000 first lien, usually with an 8% interest rate (which you will sell to a note buyer at closing) and a $5,000 second lien, which you will keep and receive monthly payments for.

The deal can be structured so that you "the seller" carry back a $90,000 first lien, usually with an 8% interest rate (which you will sell to a note buyer at closing) and a $5,000 second lien, which you will keep and receive monthly payments for. 

This lowers their required down payment to 10%.There's always something you can do in an expensive market - look for local experts and learn how they've done it!

The initial purchase price was $475,000 with a rehab of $160,000 and a 5% down payment of $32,000 for a total mortgage of $603,000.  

Looking for hard money, I dont have any money for a down payment, but willing to negotiate.

I'm a realtor in Marblehead and can help you and connect you with lenders who will qualify you for a loan with minimal down payment.  

It gets folded in with a bunch of "Fannie - No Overlay" deals that include marginal credit, heavily leveraged real estate investors, down payment assistance, DTI that barely works, et cetera.

That is what I do with my SD IRA, I also am a managing partner of a fund which invests in notes and allows sophisticated and accredited investors to make double digit returns in a passive position.

Hi Connor, This is my understanding on this type of loan.The FHA Loan  is mainly an insurance program by the FHA (government entity) that allows low down payment on the purchase.

But the GC carries the build, with me only paying 5 or so progress payments.