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Real Estate Deal Analysis & Advice

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Freddy Pettiford
  • Fayetteville, NC
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Seller finance deal

Freddy Pettiford
  • Fayetteville, NC
Posted Nov 17 2019, 10:32

Hey everybody.

I am in conversations with a seller who owns her home free and clear. She initially wanted to do a lease to own on her property. She has agreed to do seller financing on this property at these terms:

Asking 100k

10k down

8% , 30 years. (She said 8% is lowest she would go)

With these numbers I would be paying her $885 a month.

Rents to be conservative would be $1100.

I would have a property manager. So that's $110

That is a cashflow of $105

Do you guys see any other way to structure this deal?

I was hoping she would take less down but If I put less down that means the monthly would be higher..

My goal would be to have a $300 cashflow at a minimum..

I expressed this to her but she didn't seem to want to deviate from the loan calculator that she was using.

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