Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

2
Posts
1
Votes
Karin Maceochaidh
1
Votes |
2
Posts

Understanding refinancing a seller financed purchase

Posted

Hello, new to this, and attempting my first purchase. I have the opportunity to buy 2 adjoining properties, each with a 2bed/1ba home. They have to close together per the seller. They are priced under market value, no major repairs, really only need updates. 

I read on one of these forums, where someone was looking for creative workarounds to avoid a down payment, the suggestion to purchase via seller carry, then immediately refinance after closing, which I understand would pay the seller immediately? Would it pay the seller fully? I would be using a hard money lender for this. My plan is BRRRR.

THANKS IN ADVANCE!

Loading replies...