Multi family financing question

[Joe Ratterree]

Hey everyone, I’ve invested in the single family space and am looking to move into the multi family asset class.  I’m trying to find creative ways to finance and leave minimal amounts of my own capital in deals.  With a full time job and a family, sweat equity and the BURRR method is possible but will be very difficult.  I’ll cut to the chase....

Has anyone here combined seller financing with more traditional financing to 100% finance a property?  I’m just wondering if banks see seller financing as “equity” or if they would still require there to be some actual cash equity in the deal.  Example: if a 4 plex is bought for 300k (and it appraises for 300k), and the seller has a 100k assumable loan, would the bank providing the remainder of the financing approve 200k in financing or only 140k?

thanks I’m advance and hope this makes sense!