Question on Seller Financed Wholesaling

[Stephen Sokolow]

Hi all,

I have a potential deal that I am trying to put under contract. The ARV is $64,500. The home needs about $25,000 in work. The owner is asking $40,000. They are willing to do seller financing with 10% down, carrying a note for 36k at 10% interest for 10 years for a monthly payment of $475.74. I would like advice on how to proceed. Does the seller financing benefit me if I am trying to wholesale the deal?