How would someone calculate a mortgage with 100% sellers finance?

[Julio Velazquez]

I plan to do direct mailing to property owners. Let’s say an agreement for a duplex or a triplex is agreed up 100% seller finance. Non recourse..

If the asking price is 800k and about 5% interest rate.. using a mortgage calculator would I just type in these numbers or is it a little different Because it’s 100% seller financed ?

[Wayne Brooks]

Yes, the calculation is the same.  But don’t expect any takers on this....zero down Or no recourse, let alone both, is about the dumbest thing a seller could do.  A buyer could simply sign the documents,  collect the rents and never make a payment, for the couple of years it may take to foreclose....let alone the lack of motivation on the buyer’s part if things get tough, even if their intentions were good, and the fact that 100% financing will make cash flow very difficult.  You’ll to have find a real dummy or someone very desperate.