Owner carry back, but with unique terms

[Kyle Fritz]

Hey everyone!

I am trying to buy two triplexes (must be bought together), and the seller is open to owner-carry back.
The seller would like 20% down, however I can't do more than 10% down.
I would like to get nearer to 5% down if possible, and am trying to structure an offer that she may consider.

What I would like to know, is if anyone would be willing to share an idea with me for how I might be able do this.

And the second question: Is it unheard of to structure a purchase so that the buyer pays the seller a base amount per-month, with a varying extra amount dependent upon the number of occupied units? (example: $20 extra per month per unit occupied). Of course, if this is a terrible idea, that would also be good to know. :)

The units have been on the market for about 2 months. I have not met with the seller yet to know why she is trying to sell, or how quickly she needs to sell.

[Joel Owens]

People get motivated at different times for varying reasons. Part of the ART of the deal is catching them at the opportune time for YOU.

If it doesn't work out this time then stay calm and be cordial. You can say

"Thanks for this opportunity. At this time it doesn't look like we will be able to come to terms. Here is my card to contact me and if your situation changes in the future feel free to reach out to me. I am always looking at property to purchase so I can't guarantee I will be able to buy yours then if I have bought others but will take another look".

What you are saying to them is you are not buying today unless they negotiate to your terms. I have seen deals take over a year before the seller was ready.