Updated over 5 years ago on . Most recent reply
Seller-financing: What’s in it for the seller?
I'm looking at a small 2bed/1bath SFR that needs interior rehab... the big things, like roof, furnace, windows are done. Seller is asking $85k — interior rehab would be roughly $10k.
If this property needed no interior rehab, it would be worth $85k. I do not think the seller has a mortgage, and he made a comment that he is looking to downsize his portfolio by selling one rental a year.
I’m thinking about asking him if he’d be willing to do seller-financing, but I wanted to reach out here to compile a list of advantages on his end to do so. Any ideas on how to structure this deal are appreciated!!