Investor · Fort Worth, TX · Member since 2016 · 15 posts · 5 votes
Does any one know of a lender that would allow a seller to finance 20% of the sales price and then lend 80% of the deal leaving the buyer to essentially just pay closing and lender fees? Or am I dreaming?
@Brad Crawford. If you’re financing a SFH then that is really hard to find. But with multi-family or commercial properties, that is defiantly a possibility. I have a friend here that does that all the time. But the numbers obviously have to work from an appraisal and cash flow basis.
I met someone in your state, just outside Dallas, that has another option with private banking. (The investor captures the interest vs. seller or bank). The system is working really well ad genetatIng more profIts for his clients. I’m learning from him to apply with our stuff.
Let me know if you want me to put you in touch with him.
@Brad Crawford. If you’re financing a SFH then that is really hard to find. But with multi-family or commercial properties, that is defiantly a possibility. I have a friend here that does that all the time. But the numbers obviously have to work from an appraisal and cash flow basis.
I met someone in your state, just outside Dallas, that has another option with private banking. (The investor captures the interest vs. seller or bank). The system is working really well ad genetatIng more profIts for his clients. I’m learning from him to apply with our stuff.
Let me know if you want me to put you in touch with him.
Most lenders allow some, but I dont see any traditional bank allowing you to NOT put any money. You have no skin in the game. They may get you to 10% equity, but not much less than that. Private lenders or bridge lenders may, but of course thats very expensive money.