Updated almost 4 years ago on . Most recent reply
How To Structure Deal With Mortgage AND Seller Financing
I have about $200K from a 1031 to re-invest before end of November 2021. Typical commercial loans require 25% down (or 20% down with higher rates) – meaning the highest I can purchase using the $200K alone is about $1 mil (at 20% down).
I'm looking at a few properties/portfolios above $1.25 mil.
From my knowledge, the most obvious way I could make this happen is to put the $200K down toward a mortgage and then ask the seller to finance the balance.
How would you structure this? How would you approach a seller with this sort of proposition?
Thanks in advance BP.
I'm looking at a few properties/portfolios above $1.25 mil.
From my knowledge, the most obvious way I could make this happen is to put the $200K down toward a mortgage and then ask the seller to finance the balance.
How would you structure this? How would you approach a seller with this sort of proposition?
Thanks in advance BP.