Seller or Owner Finance

[Will Pardo]

Feedback please: I have a 100k HELOC and preapproval letter. I’ve been doing the research and ready to get in the game. However, I was curious if this idea has been successfully executed before. What if I set my goals a bit higher and go for a larger multi unit 8 or more instead of a single family or duplex and look for seller finance. Wouldn’t that allow me to use my HELOC for a larger down payment and not have to worry about any lending limitations? Once the deal is closed, I could refi in a year or two and pay off the HELOC, seller finance and get a conventional or portfolio loan? I’m curious if this would be a viable strategy. Thanks!