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Updated 4 months ago on . Most recent reply

User Stats

62
Posts
45
Votes
John B.
  • Investor
  • Keller, TX
45
Votes |
62
Posts

Would you even consider seller financing?

John B.
  • Investor
  • Keller, TX
Posted

Hi, I own a townhouse in FL that I bought 10 years ago for 100k. Its worth about 220k now and cash flows around 1k a month after HOA etc. I owe 58k left in mortgage. If i did seller financing to another landlord, they may have an issue renting it due to 1st year HOA rules. That may prevent them from buying. Should I even entertain looking into this more?

Most Popular Reply

User Stats

893
Posts
650
Votes
Taylor Dasch
  • Real Estate Agent
  • Temple, TX
650
Votes |
893
Posts
Taylor Dasch
  • Real Estate Agent
  • Temple, TX
Replied

Depends on the amount you would get on the seller financing if your just selling it for the same amount and are going to walk away with the same net, I wouldnt entertain it at all, but if you are going to make a decent profit, Id say its worth looking into. I am sure there are ways to get around that rule. 

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