Owner Carry Seconds on Apartment Buildings
I'm interested to hear about investor's experiences with negotiating deals where sellers have provided secondary financing so that the property was 100% financed. I've done this in the SFR space, but would like to hear stories with MF assets.
- What are likely scenarios where a seller may be interested in this option? Is the target seller typically someone retired in 70s/80s?
- Is it common in an "up" market.
- other than reducing seller's taxable income, what are other reasons why this option might be attractive.
- what kind of rates have you negotiated.
Share your story!