Owner Financing 2 Warehouses!!
Hello BP! I am 22 and I am not currently in a position to traditional finance through a bank. So, over the past year and a half I've been looking on and off market for potential properties (residential and commercial) that fall in the category of owner financing. Ive made dozens of offers but I have just not found that right property as of yet!
Over the past year and a half I've also networked with a lot of real estate professionals, one of which lead me to these commercial units where the owner is willing to finance. He is asking 285,000(OBO) for each building, wants to sell both.
Each building has an upstairs unit and a down stairs unit. Top is 1300sqft, bottom is 1000sqft.
I also have a tenant that would like to own about 25% of the deal and have the top floor office space.
My question is, how do I structure this deal to be a win win for all parties involved?
I'd really appreciate any response or advice on structuring a deal like this one!
Thanks, Taylor