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Updated about 3 years ago on . Most recent reply

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35
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16
Votes
Neil Smith
16
Votes |
35
Posts

Creative Financing Question

Neil Smith
Posted

I'm looking at a property for STR and am wondering how you experienced investors might approach a creative financing situation:

I believe that it has strong LTR and STR potential. Ideally will use it as an STR and enjoy it from time to time with my family.

The property is listed for ~$500k and the owner will carry $300k. Do you know of banks who are willing to loan on the $200K difference and if so, what sort of product would be available? Are there other ways to approach this? 

Thanks in advance,

Neil

  • Neil Smith
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