Owner Finance Deal In Dallas, Texas

[Marcus Ford]

Hello BiggerPockets, I normally wholesaler properties to investors in my area. However, I met with a seller today who was interested in owner financing a property, after I made an offer that she wasn't happy with. Here are the number ARV is 70k-75k....Estimate repair cost $20k-25k depending on rent ready or complete rehab... House is free and clear except for the huge $22,375 back taxes on property. My terms offer was something like this: I saw I could offer lump sum down payment, pay her a monthly payment, plus I would refinance property after rehab and pay her off. Now as I think about it, I'm not sure how I could make this a good deal for both parties. Seller is very motivated, I did show her the comps, so she knows my original offer to purchase straight out is 25k...Does anyone have any other creative ways I could make this deal SWEET

[Sarah Montes]

If you offer her full price on a seller finance note at 5% interest, and wrap the loan to an end buyer at 10% interest, collect a $20k down payment and recoup your upfront cash.  Pay her over time...