With that much equity, plenty of lenders would be willing to structure something, especially if your W2-income partner steps in to strengthen the deal.

Seller Financing means that the intent is for the seller to loan the buyer the money to close, rather than using a traditional mortgage lender.

Quote from @Shema Cochrane: People always want to know how to find land deals.

This is common in turnkey because the owners think it's sign and ride.I have been involved with "turnkey" since i think the term for out of state investing became a thing back in 2002.What we see is the investors demanding that the unit be tenanted when they close so they dont lose one day of rent.. and of course all the turnkey sellers have to keep up with the Jones.. 

YTD they have paid out over $2M to their investors while closing about $20M in loans.Being reliable is the biggest asset you can have, never accept a deal unless you are sure you can fund it.

It's a great deal for a $477k loan at 2.3% interest and house is in good shape and contracted price is $625k.

Our business machine is well oiled and been in business since 2018 with hundreds of deals done and about 100 open land notes still active.

Jillian,You can solve two problems with just using a DSCR program to refinance pull cash out and then close in an LLC. 

Or do you want to generate off market deals.

. - It is a bad deal.