NNN lease with an option to buy property Questions

[James Chambers]

I was told this might be an option for a multi-family property I was looking to purchase. traditional financing is in order but I'm trying to see what the pros and cons are for the NNN lease with option to buy. I plan on putting down my down payment for the lease also.

I was told that i would first get into a NNN with the seller for the financed amount then get into a JV-LLC for the portion that the seller was going to initially carry.

What are the benefits for the seller?

What are the benefits for the Buyer?

If you need more clarification let me know. I'll try my Best. :)

property is 1.1 million with 300k seller carry. 700k financed.