selling with seller financing

[Dustin Gott]

Scenario: family wants to buy home i rehabbed. Grandpa was going to get VA loan to buy for family. He found out he cant do it because it cant be NOO. They dont have enough down payment to go conventional.

Question: Is there anything like the old piggyback loans where I could seller finance the down payment? What other options do you see? I would like to at least cash out a significant portion of the property. Thanks

[Loc R.]

Seller finance the whole thing. Take 10% down. Create a 70% LTV 1st and a 20% LTV 2nd.

Sell the 1st at a discount. You might get 75% of face.

Keep the 2nd for yourself.