Updated over 7 years ago on . Most recent reply
Newbie - Seller Financing
BP -
Looking to purchase a few out of state rental props and the owner is giving me the option of owner financing. I'm crunching the numbers and have a few Qs -
1) what closing costs am I looking at when leveraging owner financing? is there a rule of thumb estimate %?
2) seller wants me to re-fi out after a few years, is this normal? This doesn't sound ideal for me in a rising interest rate environment.
3) please provide any advice you have when comes to using owner financing, things to watch out for.
Many thanks