Creative financing buying SFR from a friend

[David Huston]

My wife and I are considering buying one of our friends homes. We currently have five SFR’s. Thus far we have lived in each one taking advantage of owner occupied financing. We don’t really want to move into this other home and we don’t really want to put down 20%. These are friends of ours and are in a situation that they need to sell pretty quickly. They are willing to work with us any way they can if we buy it from them. I know there must be other ways to get this deal done. I just don’t know how. Any help would be greatly appreciated.