Owner Finance HELP ME! HELP ME! HOW'S IT LOOK
Owner Finance
Purchase Price: $700K
Actual value: $625K
Owner wants 20% down
0% interest
Balloon in 10 years
Cash flow looking at 400-500/M and it is in a highly appreciating area in South Florida
THOUGHTS?? FIRST OWNER FINANCE DEAL
Most Popular Reply
@Tyler Piciullo this looks like an appreciation play only. I get that the owner is giving you 0% interest but you're also over paying for the property. You're putting down $140k to make $200.00 net cashflow a month? That's a 0.017% COC return! You can make a 5% return by putting that $140k into a high yeild savings account with no risk and make $583.00 per month. I'm a local agent and investor here in Broward if you want to chat.