Seller Financing Possibility?
I was approached with this "deal" below.
"I am selling our fourplex for health reasons ($335k). It has always been fully rented. Separate water meters on each unit so tenant pays all utilities. Needs roof in the future ( I have two quotes from licensed roofers for 14K)
Rents: 725, 725, 700, 700 = $2,850.00
Landscape $75.00 month
Taxes $4,051.00"
I think the price is too high but thought there is an opportunity for creative financing. At first I thought owner financing would be a good possibility until I realized the seller has health problems. I interpret this type of motivation as wanting cash and not cash flow which he/she already has. Any thoughts?