Hi guys, I just made my account but have been listening to the podcast a lot recently but have been hopeless in finding a deal in phoenix. Well, I may have just found a possible deal but am worried it is not a good deal. I guess I need someone to just listen and tell me I am crazy or what my options are. I apologize if that is too much or not allowed. I will give you the numbers then tell you mu strategy idea.

house purchased for 415,000 in august of 2020 at a sub 4% rate but I treat it as 4% because I am not 100% sure what the rate is (I am getting into contact with realtor soon don't worry)

The house could rent for 2,500 per month at minimum and I think I could get 2600-2900 but not 100% sure.

It is now on the market for 600, 000 but I think I could get it to 575 since it has been up for a couple months.

well 575,000 at a 7% APR is way higher than the rent so I was thinking I could do a seller financed route. This is where the problem lies.

I have been working out some numbers but honestly the podcast has never told me exact numbers and how seller financing really works. Is there a resource you could point me to or maybe I could pay someone to hold my hand through this process? When I was working out numbers for seller financing, I got to the point of giving the owner $315,000 lump sum then taking over the loan at 2000/month however when you do ROI that means you'll get $800/month cashflow at best which is 800*12months for a total of 9600/year CF. if you do 9600/315,000 that means you get a ROI of 3%. which is not nearly as good as stock market. also 315,000 lump sum I do not have :( I need help. This account is brand new so I will be getting a profile picture soon as recommended by the podcast. Thank you guys, if there is any confusion let me know as I am trying my best to paint the full picture so the best advice can be had. THANK YOU!!!

Phoenix, Arizona

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