Seller has buyer who wants to do seller financing

[Account Closed]

So we have a seller who wants to sell his property for $49,000. He already has a buyer (the contractor doing the repairs on the property wants to buy it). The buyer will pay 10% down of our asking price, with an interest rate is 8%-10% and a term 10-20 yrs.

It sounds like he is wanting us to carry the note, but we are trying to have the seller hold the note, not us. Suggestions?

[Brian Gibbons]

@Account Closed

OK I don't know where the deal is for you, 

you have a seller wants to sell but he already has a buyer that is a builder?

Without knowing the ARV (after repair value)

without knowing the exact amount of repairs 

it's hard to talk about It.