Hello everybody!

I wanted to see if I can get some help on my first property that I’m trying to purchase as a owner finance deal. The property is listed at 134k in downtown Columbia, South Carolina. It needs about 30k for rehab. I can put down between 10k- 15k as a down payment, 600-800 monthly payments, and 2-7% interest rate. The problem is that the seller wants about 30k-40k for the down payment that I don’t have, so my question is how can I negotiate and modify the deal so it can end up being a win-win scenario??

(Thank you so much in advance!!)

Maybe you up the purchase price and BRRRR out once rehab is complete and you have a tenant in there.

Maybe you up the interest rate and pay interest only payments until you can BRRRR out.

Maybe you BRRRR out and keep the numbers the same. It sounds like he just needs fast cash. If you can finish the rehab in a few months and get a tenant in there and force some appreciation in the asset, then you'll both have what you want in a short amount of time.

Maybe give the seller the $15K down payment, and balloon the other $15K once renovations are complete and you have a tenant in there. 

You might have to raise the other $15K from a private lender, hard money lender, potential equity partner, etc. 

Give the seller equity in the deal. Pay $10K-$15K down, and once rented out, give him all the rent payments for however long, and once he's happy, you retrieve the rent payments and refinance out to pay him off or continue paying him the original terms, long term. 

Maybe you do a subject-to on their remaining mortgage, if they have one, owner finance the rest, and pay the $15K down payment. 

I'm sure there's a ton of other options, but here is a good start to some negotiation.