A friend of mine has been a full time wholesaler since 1978 - I financed his first 2 deals and he made enough money to be able to operate on a cash basis since then.  

We've been told seller financing may be a good option and we're open, just don't know how it would all play out, please advise.We plan on paying cash for Acquisition & Repairs.

I will need to use some creative financing or lender as my credit score is low (620) and my current house has about $250,000 of equity in it which the banks won't lend as I have a $45,000 lien on my house due to my city repair program that I enrolled in to help me with some of the repairs to the house and also because my credit score is so low.

auction How did you finance this deal?

Is there anything in particular I should be looking at in terms of the deal, the financing.

Seller financed, turnkey from another investor.

I assume your original contract does Not have this provision so no….if they can’t close by the closing date you have No obligation to extend and can terminate the contract…and keep any EM assuming this was written a cash purchase with no financing contingency. 

Who knows, maybe some day they'll toss you the keys for real on a seller financed note ?

In general the BRRRR method would allow you to finance 70-90% of your purchase + 90-100% of rehab.

No counter offer or objection to 50% financing was made until 1 hour before closing.