Providing Owner-Financing - Question on Price

4 Replies

Buyers approached me to purchase a house in Mississippi that I can get for $40,000 cash. They want me to sell them that house through owner financing factoring in the down payment. With about $20,000 to fix up - the house will be worth between $100 -110K. They will be responsible for all the repairs, taxes & homeowners insurance. They have good income and can easily afford the payments. They plan to rent out their double-wide home (they own free & clear) for $600 month, which will be the same amount they would pay me. I’m just not sure what price I should sell the house to them for.

@Jorge De Jesus - Sorry for the late response.

No - I am purchasing the house and holding paper for the buyer.

30% ish off arv. Interest should help get you closer to %85

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