Seller finance offers/balloon payments…How to “sweeten the pot”

[Courtney Olson]

Good morning,

There is a home I’m interested in for a single property investment: 

Ask 160k, prob rent 1300/month , Elderly owner prob owns free and clear

I’m not dead set on this home but I like the property and the location!  For me to make a traditional offer it would have to be very low to make my numbers work.  

I can qualify for traditional bank loan 20% down but I’m exploring making two offers of traditional and seller finance. 

I would love hearing your thoughts and experiences in how to negotiate and what are the best options to sweeten the pot in a SF deal.  

I.e Balloon payments, interest rates

Thanks,

Court

[Chris Seveney]

Quote from @Courtney Olson:

Good morning,

There is a home I’m interested in for a single property investment: 

Ask 160k, prob rent 1300/month , Elderly owner prob owns free and clear

I’m not dead set on this home but I like the property and the location!  For me to make a traditional offer it would have to be very low to make my numbers work.  

I can qualify for traditional bank loan 20% down but I’m exploring making two offers of traditional and seller finance. 

I would love hearing your thoughts and experiences in how to negotiate and what are the best options to sweeten the pot in a SF deal.  

I.e Balloon payments, interest rates

Thanks,

Court

 I would first ask if they will even consider it, elderly owners typically are not big fans of owner financing because of the headaches involved with it, they would rather just have their cash. Do that before spinning your wheels on trying to be creative, because if its a no go then move on to the next one.