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

30
Posts
26
Votes
Adam Boonzaayer
  • New to Real Estate
  • South Bend, IN
26
Votes |
30
Posts

HML that will accept seller financing as down payment

Adam Boonzaayer
  • New to Real Estate
  • South Bend, IN
Posted

Looking for advice on a hard money lender who will accept seller financing as a down payment.

I'm talking to a seller who is willing to finance around 40% of the purchase price of two properties, 6 unit and 4 unit. Each unit needs 5-6k in cosmetic rehab. 

Does anyone have experience with a HML who has financed a deal like this? Ideally I'd like to 100% finance(seller financing + hard money) the purchase and rehab then refi to conventional using equity for that DP. I do have 70k on hand but I'd like to put in as little as possible

Will I be able to get a loan for both properties or will it have to be separate since one is commercial?

Any other 0 (or near to) down strategies are welcome as well

Loading replies...