Would you accept this seller financing offer?

[Corinne Alconera]

Would you accept this seller financing offer?

Buy and hold 2-units

20% down payment

30 year amortized note w/5 year balloon payment

Cash flow is $100 per unit

Most 2 units in this area go for $30 - $40,000 less (traditional financing)

I'm interested in knowing what members think. This is my first seller finance experience.

[Brandon Hicks]

So you're putting 20% down, there's a 5 year balloon AND you're paying an extra $30k for the experience??

If you're going to pay a premium you should be getting a financing package with terms that you can't get from the bank. For example: NO cash down, 30yr amm, 5.0% fixed and no balloon and maybe a year or two of interest only payments or something....