20 units with Seller financing
Hello Everyone,
I have been doing residential mortgage loans for 20+ year and doing wholeselling strongly for the last 2 years. I just came up on a 20 unit deal.
5 buildings
4 units
2beds
1bath
700 sqft per unit.
The seller is looking to sell this as a package deal (all buildings at once) and is open to do seller financing. I have some questions on how to structure the deal to sell it. I have sent the LOI and the seller has given me the terms he wants so how do I close this? I have a couple of buyers interested but may have to have them partner to make the deal work. Also they are residential properties and not commercial.
Let me know your thoughts.