Updated almost 3 years ago on . Most recent reply
Owner Financing Down Payment
Hello! What are my options for coming up with the down payment for an owner financed deal? The owner is wanting 20% down. I currently only have enough capital for about half of the required down payment. Can I use traditional banks or hard money to fill the remaining required down payment? Thank you!
Most Popular Reply
Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
Offer them a higher interest rate for a lower DP. 1% higher should be enough. Do the math and show why this would be more profit for them than the higher DP.