Updated almost 10 years ago on . Most recent reply
Help, please!
Hello BP world, i need help structuring a deal. I have never done seller financing, have few ideas but would love any suggestions.
A local agent has listed a property for 35k and after asking he said the seller is willing to seller finance. The agent said he expected a higher than asking price offer if i wanted to owner finance. Now, im not sure this idea is coming from the seller.
Asking 35k completely gutted
Needs 30k repairs
ARV 80k
I want to hold and rent it
Rent 1250 conservative
How should i structure my offer,im thinking i can fix and cash out within 18 month to pay the seller.
Any help from people that are experienced with seller finance would be appretiated.
Thanks