All Forum Posts by: R Sean

Setting aside the inherent risk of high leverage, here is my story:

I have a situation where an outright owner is willing to do 80% financing; however I don't have enough capital to bridge the gap :cry:

Is there any way to convert his offer of 80% owner finance to loaning 25% of the purchase price as a second and getting "convential" financing for 75%?

If so, does the lender look at seasoned funds for commercial transactions, etc?

Assuming the economics work at the debt load, what other questions related to this financing arrangement should I be asking?

Just trying to figure a way to use his willingness to bridge a capital gap.

Dan,

Thanks for the kind words. By 'off-market' I really mean uncovering sellers who have not listed their properties OR getting a list of properties that may be headed for foreclosure.

Found BP by accident...this site is GREAT and full of valuble info.

About me:
In a normal 9-5 job, but looking to get into REI

Goal:
Looking to start at owning small unit multi-family in/around Houston (initially)

How can BP help:
I'm very interested in learning how to best source off-market deals, securing private $ (I don't have much of my own to invest, but bring significant sweat equity and analytics), and efficiency in operating/managing/marketing once owned.

Thanks in advance!! This should be a wonderful voyage.

R Sean