Seller Finance Deals

[Julian Joseph]

I think i have a Seller Finance deal on my hands for a triplex! He is a tired landlord. What are the pros and cons? Worst case scenario if I can't pay the monthly payment because of rents for example, then Seller can take the home back correct? No harm no foul? Best case scenario for me I don't want to put a down payment so I have to make it an enticing deal for him and add a balloon payment somewhere maybe around 10 years? Any tips will help! Also, if anyone has tips or a seller finance contract around I would love if you can share. I appreciate it BP.