Owner finance deal.

[Jarrett Thornton]

Just submitted my first written offer for a non traditional owner finance purchase. 

Verbal Agreement until next week. 

Just curious to know how others structure their own seller finance deals. 

Property Info: 

3/1 

3k needed for rental rehab. 

Price 60k. 

I offered 45k @ 5% for 15 years. 

Payment : $355.86

Balloon is being negotiated. Preferably 5 year.

Market rent $700-$850 

No Money Down. 

Warranty deed into my name. 

Title policy in place.  

Let me know what you would do differently. 

Thanks!