Advice to purchase a MFH w/ two notes in Palmdale, CA
I have a current MFH deal that will generate cash flow and is a pretty sweet deal. I am seeking some guidance from the BP family, to explain the way forward with the financing leg of this venture. I have done a seller finance with a SFH and it went smooth and i get that side of the process. But i don't get how folks use seller finance and bank loans to go in with little money down on their ventures. The owner is willing to finance up too 100% of the deal if the offer is right. They are motivated, so of course i would like to use that to my advantage to make a profit and offer them terms they are happy with as well. How do i approach commercial/bank lenders with these sorts of creative financing? Thanks for your time and any feedback you may provide.