Updated 7 months ago on . Most recent reply
Would you even consider seller financing?
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?
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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.
- Taylor Dasch
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