selling with seller financing

[Shawn Tinerino]

Hey gang, has anyone used this strategy as of late? I'm thinking I can get a nice purchase price if I under cut the banks by 1% and offer 15% required down as opposed to the traditional 20%. The cash flow is a bit sub par on this one and I anticipate some larger expenditures coming my way in a year or two so I'm contemplating this as an option. It's very tempting when you look at what you'll get pais out over the 30 years as comparedto the selling price. Obviously there is risk involved (as with anything). How would you underwrite prospective buyers?

Thank you! ShawnT NJ