Updated 3 months ago on . Most recent reply
Lenders willing to lend on a seller-financed deal?
I am a real estate agent / investor working in the Greater Boston Area, and I am looking for advice on how to execute a strategy where sellers who are open to seller financing anywhere between 10-25% of the purchase price of the property (+ closing costs) and the buyer receives a loan for the other 75-90%, buyer is able to purchase the property with zero money down.
I'm not really sure how this would work / whether it's possible and I don't really trust chatGPT / Grok outputs on this as much as personal experience from people who have tried this or lived this.
How would I actually go about executing this logistically? Which lenders are open to lending on this if there's a second mortage after them? How do I find these lenders? Looking for any advice on this strategy / situation.