talk terms . . . when someone is open to seller financing
I know this topic is discussed at length but maybe a few a willing to say what they would offer up for the following situation:
SFH, owned free and clear
2 apartments - one up, one down
2 beds, 1 bath, kitchen, living room in each
currently rented for $800 each
market rent is between $1000 and $1150
I have not seen the inside condition of the property yet
Similar "as is" sales on the MLS in the area are right around $200K
I'd like to approach this one from a TERMS perspective instead of the overall price of the property. Let's say this one needs 20-30K to get both units ready to rent.
How would you start negotiating with the owner?
Thnx in advance!