How to change sellers mind to owner finance?
I've found a great multifamily that cash flows pretty well but the owner is reluctant to hold a note for a few years. He's looking for the cash so he can move to a warmer climate for health reasons and is firm not wanting to play bank because he's elderly.
I haven't tried to spin the benefits of holding the note because I wanted to get some good ideas from the pros!!!!
Asking Price 250k and comes with attached vacant lot
3 units with a 12, 7, and 2 year renter in place and paying their own utilities
Taxes 6300.00
Gross rents 2600.00 per month (could increase to 2900.00)