Updated almost 11 years ago on . Most recent reply
Properties under 50k
Trying to find real estate under 50k in the philadelphia/nj/de or tristate area is in mass abundance! However trying to find fianacing is a much larger one. I have reservations regardinh hard money because what if the flip has to turn into a hold because it doesnt sell quickly? So I would think seller financing would be the route to go. A sample deal that would be ideal for me would be to buy a distressed multifamily 2-4 units for 15,000. Put down 1500.00 and pay the owner over a monthly payment with a 4% interest rate over a 48 month period. I get an affordable mortgage rate while im fixing up the property. The owner get a down payment, a monthly payment and makes 1200.00 in interest. But getting the sellers is my problem. The homes are listed through agents and they look at me like I have 4 heads when I mention seller financing or owner will carry! Any help on finding owners/sellers in my area who would want to do seller fianancing?????