All Forum Posts by: Eriq Blanchard

So I have a good friend of mine who owns a triplex and a house in need of repair. Triplex is fully occupied and has great cash flow. House needs about 20-25k in work. Will be a great BRRRR. The seller and I are both huge bigger pockets people and are interested in asking a creative finance deal.

I am looking to get in with little money down. We are trying to see if he can refi his properties to take out majority of the money he wants to make, and I pay him the difference. However, once he pulls his money out of the refi, I would then take over the loan and the properties under my LLC.

Any lenders who specialize in these things, do not hesitate to call me at (985) 312-2159. The seller will also join in on the convo because we are both diving head first into learning creative finance. 

I have been negotiating a seller finance deal with an owner of a storage facility. He is willing to seller finance for 5 years, but it looking for around a 100k down payment. We have about half of that cost. Other that private investors, I would like to know if there are any other loan options out there available that can help us lock in the deal. This is my first larger deal of this sort, so I want to make sure I’m not in over my head! 

Thanks, 

Eriq Blanchard