Both remind me of certain blue and purple states)))Dems carried AZ and VA in 2020.

It would be considered a seller carry back.The buyer would have to come in with some down payment money, you create a note, and the buyer would have to secure bank financing.My good friend Bill Ham wrote a book called Creative Cache.

The seller would like have to carry back 5% - 10% and it would be unlikely to work for the property that is 68% occupied because the DSCR would probably not support an 85% LTV loan, unless you are getting an absolutely screaming deal.Do the 140 units need rehab?

@Carrie Zhang, I think the answer is no.

You sell the property for the same $500K to an owner user with $100k down and carry back a wrap note of $400k at 10%.  

If you did not require your tenant to carry this type of coverage and not name you also on the policy as insured you may be out of luck.  

I think the mastermind would be a great way to keep accountability in taking action on creative finance deals.This group is for anyone who is interested in:- Subject To- Lease Options- Seller Financing (Owner Carry-back)- Executory ContractsI'm in the Eastern Time Zone and can accommodate the times.

@Carrie Matuga, thank you for this perspective.

In other words, just consider it a learning experience and carry on.

You need to carry insurance, especially since there may be renters given it's a triplex.