Updated about 6 years ago on .
$100k down for land?
I’ve been talking with a wholesaler about a lot in downtown Raleigh to put a home on. The land price was $180k negotiable. Owner financing offered at $100k down at 8% and 6 month repayment. New homes in the area selling for $400s. Is it common to ask for over 50% down on a deal like this? What do you think about this?