The lease (with the current college students) was just renewed through their 2025 school year.I'm trying to figure out how to make this happen with little-to-no money down, as I have other 'irons in the fire' at the moment.I'm planning to offer $400-450k for the home, and am trying to structure something where a conventional lender would loan an amount that would be covered by the current rental rate (lets just say $300-350k)...   ...then, anything outside of that amount, would be carried by the Seller (for a short while)...   ...Seller financed with a ballon in 5-years?  

Are you planning to finance your purchase, or are you buying with all cash?

How did you finance this deal?

I don't want to work hard for my tenants anymore, or show it 20 times to ultimately get one application.  

Zillow How did you finance this deal?

I found it on Zillow and paid list price, less seller credits for closing costs How did you finance this deal?

I am not sure where the pricing is today as all of my recently originated debt is construction financing which is adjustable and  tied to the fed rate but your broker is not being honest with you if they are saying rates never drop below 7%.As for your desire to complete a BRRRR, the interest rates certainly impact the debt coverage ratio and thus the refinance proceeds.

Does anyone have experience in Subject To / Seller Financing in NYC?

I could use advice on creative financing or hard money lending.

I don't know about buying a rental cash, as you could easily get financing even without W-2 income.