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
: You lease the entire building from the owner for a set monthly fee (a "master lease") and handle all management. You then sublease units to tenants and keep the difference (the "spread") as profit. In this setup, the seller acts as the bank