First time investor. Seller is offering to carry the note on $150k commercial building with 25% down, 10 year 6%
Fair deal? Or, should I talk to a bank?
Never do owner financing unless you go through a title company and have the correct paperwork in order.
I personally want to hang on to as much cash as possible so 25% is a no go for me. But you can negotiate. If you're credit is good, offer less down and a shorter term length then refinance later and use your cash to make more money