Updated over 3 years ago on . Most recent reply

Found a 5-plex but need some professional opinion
Happy Sunday!
I found a 5-plex deal asking price is $899k. However, the owner wants to do a 1031. There are money lenders who are willing to help with this deal but they would want a 25% down. What my question is has anyone done an owner finance down payment?
If so what are the pros and cons!
Thank you :)