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HomeForumsConnecticut Real Estate Q&A Discussion ForumSeller financing single family (row home) to BRRR
David Savick's profile image
David Savick's profile image
David Savick
  • Real Estate Agent
  • from Reisterstown, MD
  • Member since Feb 14, 2017
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David Savick's profile image
David Savick's profile image
David Savick
  • Real Estate Agent
  • from Reisterstown, MD
  • Member since Feb 14, 2017
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David Savick
  • Real Estate Agent
  • Reisterstown, MD
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Connecticut Real Estate Q&A Discussion Forum

Seller financing single family (row home) to BRRR

David Savick
  • Real Estate Agent
  • Reisterstown, MD
Posted Jul 9 2019, 08:56

I have a out of state seller who MAY be open to do a seller financing of $70k. Home located near Baltimore, MD. Once purchased, I would do BRRR. Problem: I don't have the cash ($25k appro.) to do the rehab. ARV will be $140k Rent $1400/mo. Taxes $1080

How do I go about presenting seller with seller financing option ("What is in it for him?")?  One of the recent podcast talked about the tax advantage for him but I need more info for him. 

Also, how do I get $25k? HELOC?

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