Seller Financing Options
My team is looking at a five unit property with an asking price of $266,000. We would like to present 3-5 owner-financing choices/alternatives for him to select from.
Does anyone have experience coming up with choices that vary along term, interest rate, purchase price, percentage down, etc.? Any other variables we should consider? Each of these variables seem fairly flexible, so we are just trying to make sure our offer is in line with seller-financing norms.
For reference, the total rental income is ~$3500 and we are fairly flexible in how much we can put down, though less is obviously better for leverage.
Any thoughts on how best to structure the alternatives?