All Forum Posts by: Michael Stinger

Looking to assign a very lucrative leveraged deal with a low down payment and big value add. See all info here.

https://docs.google.com/presen...

$350k property, 8 unit consisting of 2-3 houses. 7/8 are rented for ~$2800, 1 vacant and 1 beauty salon is vacant. Max rent would be ~$3700/month. I've been negotiating with the realtor about a seller finance deal and they've agreed.

$25k down. $2k/month for 150 months, $25k balloon - I.E. a 0% interest deal. Is there a place where you can sell seller finance deals like this? Someone more local could most likely cash flow $1k+/month. I've just bought another property and don't have the capital right now.

Is it the same guidelines for buying a primary residence? 3% down conventional etc? or are there many more and different factors. Would I reach out to a different type of loan officer?

any update on this?