First seller financing offer, help please

[Thant H.]

Hello all,

I found a free and clear seller (somewhat motivated) who is willing to do owner financing. I plan to buy and hold that property. I am going to take a look at the house soon and plan to offer him all cash offer (about 65%ARV-repairs) and a term offer (100% seller financing: $0 down with 0 to 4% interest rate). I plan to offer about 70-80% of market value for owner financing. Is it reasonable? I will have positive cash flow if I can I can negotiate lower purchase price and interest rate.

If there are not many repairs needed, what do you normally offer in a deal like this? Thanks for your time.