I'm currently looking at a property to BRRRR where the seller is open to seller financing with a minimum $3k down payment and $250 a month with a 5 year balloon. I originally was going to purchase this property with a HELOC. I may still do that but I wanted to know has anyone purchased their first rental with seller financing and if so, how did you work out? We're you able to get your investment back? Any pro's or con's to selling financing in this situation? Thanks everyone for your input.
If the seller is willing to finance, go for it as long as the terms are market. Your HELOC will be free for your NEXT property.