So you’re ready to make a deal, but need a loan. Financing investments can come from many sources – banks, community lenders, mortgage brokers, life insurance firms, etc.
A great source to consider that’s often overlooked is seller financing.
There are a myriad of reasons to approach a seller about financing some, or all, of a real estate transaction – as many reasons as there are properties, such as change of partnership, change of lifestyle, marriage/divorce, college tuition, etc.
Tax implications of a sale could play into financing – even trading another property for the one you want. Ask your Broker for ideas!