Need help structuring a seller finance deal
Hi everyone,
I have this deal I want to offer on in Ventura, California and am looking for a savvy investor who has done seller financing before to help me out.
Purchase price: 1.4 Million
Most Popular Reply
@Jordan Farris seller financing is fairly easy. You need to get all parties to agree to the terms. How much does the seller want for the home? $500K. How much is the seller willing to finance for you? $450K loan or 10% down. Now you have a deal. Open escrow, put 10% down, pay closing costs and the property is yours. The seller will get paid on a monthly basis for the term of your loan. 3 years, 5, 7 10? All depends on what you and the seller agree to.
Good Investing...
- Joe Homs
- [email protected]
- 949-625-4533