Creative financing strategies
I am looking to purchase 2 off market triplex buildings in California. The seller is willing to owner finance the properties. My question is can i get an FHA loan for both properties where they pay 95% of their appraisal. Would it be possible to ask the seller to hold the 5% and get this property with no cash down? Both triplexes are fully rented and rents can be raises on the property by 100 bucks with a little TLC. I am a new investor and wanted some strategies on how i can go about acquiring this property possibly without putting cash down.