Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

68
Posts
44
Votes
Bryan Reid
  • Real Estate Agent
  • Lexington, KY
44
Votes |
68
Posts

Seller Second (Carryback)

Bryan Reid
  • Real Estate Agent
  • Lexington, KY
Posted

Just curious if there are still any lenders out there (community banks, etc) that permit partial seller financing?  Is this totally a thing of the past?

I have plenty of cash to put down the 25%-30% for several deals of the size I typically invest in (SFR in the $90K-$130K range), but would be interested in a larger deal if it passed underwriting.

A local investor is selling a group of turnkey SFR rentals. If I could purchase say 10 for $100K each ($1M total), putting 15% down and having seller carry 10%-15%, the cash flow would work very nicely. Just not sure if that is something that would ever fly with any banks in the current lending environment.

I'm assuming a conventional mortgage is out... was considering a commercial (blanket/portfolio) loan since I'd be buying a group of SFRs.

Loading replies...