Updated over 2 years ago on . Most recent reply
Seller Financing and Deal Negotiations on existing STR
I'm looking at an STR that has been on the market for some time. Looks like it was purchased in 2019 and on and off the market since 2021. I am very interested in approaching the seller with a seller-financed deal or combination of the subject to and seller financing. Wondering about the best place to get advice on how to structure the deal, or increase my odds of a seller considering an offer they may not have considered or thought of. Also is seller financing a good way to get around a large inital 20% down payment? If I went the DSCR route Im looking at $135K to get in, furnish and have the place cash flowing. Trying to do the deal with $40K max.