Updated over 12 years ago on . Most recent reply
Contract for deed refinance
I have an opportunity with an awesome seller who seems eager to help out someone get started. Its a package of 27 units a range of fourplexes, triplexes, duplexes and single family homes.
He said he would be all for just letting me take over the payments but the problem is he currently has them on contract for deed. The current holders want somebody to come in and buy them all out. If I can convince the current holders to carry me for at least one year what are some creative ways to refinance them so I can get out of the contract for deed and get a conventional 30 year mortgage on them without %20 down?