In this setup, the seller acts as the bank. Instead of getting a lump sum from a lender, you make monthly payments directly to the seller.
You provide the "sweat equity"—finding the deal and managing the property—while a partner provides the "cash equity" for the down payment. how to buy an apartment complex with no money down
This allows you to control the property without buying it immediately. In this setup, the seller acts as the bank
: You negotiate a purchase price and interest rate with the owner. In this setup
: Your agreement includes an "option to buy" at a fixed price in the future (e.g., in 3–5 years). You use the time to improve the property and increase its value, eventually using that equity to secure a traditional loan for the final purchase. 3. Equity Partnerships (Syndication)