Anyone working creative finance on small multifamily?
Been approaching deals that have been sitting 300 to 500 days with owner carry proposals instead of conventional financing. The math usually works out better for both sides when you take the bank out of the equation.
What I keep running into is sellers who self manage and self insure. Those two line items completely change the picture when you normalize expenses for real ownership costs.
How are you handling that conversation with sellers or brokers? Do you bring it up before or after you have the financials?
Open to connecting with anyone working this angle.