Seller Financing Offer
Hey everyone. I've been lurking on the site for a few months now along with researching various homes. I live in Nashville and don't have much capital available to start so I've been considering how to make offers on property through seller financing. There's a duplex property I found listed for $350k so an offer I was thinking is along the lines of
$250k offer for house
80% of that as a seller financed mortgage so $200k
Then I would like to offer the seller a 75-25 split on profits (where I take 25%) as a repayment option for them putting the remaining $50k as the "down payment"
I know this is a question best answered by the seller, but I was wondering if anyone could help explain if that offer makes sense or not. I would reach out to the seller first and see what their motivation is for selling before making the offer. Any help is appreciated, thanks!
Also, what are some other seller financing strategies that you like to use?