Buying a property through seller financing
How structured is this method? for example, who pays closing costs, seller or buyer? I've been researching how to put a deal together for a potential seller. this is what i have so far: the sell price is around 300,000 (under), I'll be proposing 10,000 down, 30 year loan with a ballon payment of 7 years, 4% interest, $800/monthly payment to seller. seller is really looking for a cash sell, so i think it's a stretch. I haven't call him back cause i don't think he will go for it. Anyone has any advice?
Most Popular Reply
@Jennifer Figueroa
You need to incentivize them to do seller financing
4% interest is not gonna do it for them.
Terms are always negotiable but docs should always be done by attorney / title company
- Chris Seveney
7e investments
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