Canadian Creative Financing

[Warren Lee]

Hi All,

I'm Canadian investor working on my second deal and was hoping to get your advice.

Here is my deal.

PP = $800,000

Current rent

Unit 1 = $1274
Unit 2 = $1350
Unit 3 = $1224
Unit 4 = $1330

Total Expenses = $24000

Projected rent = $6800


1)Seller is willing to do any creative deal. Yes, that includes seller financing(will make sure i do not cash flow if i do decide to do this). He's educated and is an investor himself, most of his properties he acquired were creative financing and I would say he is an intermediate investor from talking to him.

2)Property is distressed(50k in repairs).

3)Rents can be increased.

How would you do this deal?