Creative financing suggestions

[Logan Turner]

Looking for some advice and fresh ideas to make this a deal: 3/2 1500 sq ft home. No comps available (stale market) Owner is willing to do seller financing. Owner owes 44k on mortgage. Value is roughly 120-150k. Would need 10-25k based on drive by and pictures. B- neighborhood What are some creative ways to make this a deal? I was thinking discussing with the seller: reasons for selling, urgency of needing to sell and determining their bottom dollar. But if the seller holds firm on asking price of 130k, what are some creative ways to structure owner financing that can be a win win? I could prob rent this place out for 1200-1400. So I would need monthly payment to be around 600-700 for it to be a deal.

[Jason Smith]

Logan Turner In my business I use a 3 option offer

1) divide up their asking price into equally pmts (I say this to the seller not so much seller financing)

2) seller financing w/ballon due in 15 years

3) All cash closing in 5 business days

**Now, pending on the motivation of the seller and their true bottom line price a cash deal might be good:

ARV: 130k (less say)
Repairs: 15k
As is value of: 115k
Quick 60% off: 69k MAO

If selling as a wholesale deal: subtract a modest 5k fee will be 64k net to seller

**other option the subject 2 w/ equity note due in 5-10 years or when every u sell

**and finally divide up the asking price: the local rents must be a higher than the mgt pmts so you can not only pay the new note but cashflow as well...all my deals like this I need at least 200 net...but maybe you might want to make less than that and that's great...but try hard to a least cashflow something

If want me to explain in much detail PM