No money down option for Apartment building?
I am just trying to figure out if a strategy like this COULD work.
It seems that the requirements for down payment on a commercial, multi-family is typically between 25-30%.
I do understand that seller carry back loans are no longer permitted, but what about a 25-30% ownership in the LLC that I use to purchase the building? My thought would be to obtain transactional funding for that amount, have the seller cover it after closing, and agree on repayment for his x% interest in the LLC.
Now I'm sure that this has red flags all over it, but is anything like this feasible?
Thanks