A partner and I split this deal, and we went into it with a conventional 25% down mortgage How did you add value to the deal?

A partner and I split this deal, and we went into it with a conventional 25% down mortgage How did you add value to the deal?

Do you foresee issues with getting a conventional loan from a bank?

Judgment and analysis at this stage stunts idea generation and limit creativity.Evaluate ideas at the end of the session – this is the time to explore solutions further, using conventional approaches.Rules are simple:1.

Yes, if you do it with a non-conventional lender. 

Don't use craigslist - it became irrelevant a couple years ago - it's full of spammers and scammers - Hotpads, Zillow, trulia Facebook marketplace and your friends network, apartments.com etc - those are places you'll have better luck - Also set up an AirBnB account - depending on where you live you could maybe have luck there - I have a different opinion than Colton about Wichita not having attractions - there's still plenty of conventions, business etc that brings people to town - your AirBnB rate will just have to be competitive if you are only renting out a "room" and not your entire house.  

@ Neil He Take a quote on conventional interest rate and compare with your current mortgage payment.

They are basically smaller commercial loans.These loans will not have as favorable terms or rates as your standard conventional loan, but will allow you borrow in the LLC name as opposed to your personal name. 

Just curious how they typically compare to a conventional loan terms. 

If he is suggesting a balloon payment with the seller financing, be sure that you could comfortably qualify for conventional financing, with a large margin of error if you needed to.