Owner Financing a 3 unit Mix Use Property.
I need someone’s expert opinion on this topic. I’m looking at purchasing a 3 unit property with two commercial units as well.
The property is worth about $350,000 and it doesn’t need a ton of work. Rents are very good and can bring in $1000/mo for both commercial units, & $700-$900 for the residential. My idea for it was to buy it on owner finance and rent the units out to make the payments. I’m familiar with owner finance in single family situations but this is a little different. Would anyone be able to give me some advice for this situation?