All Forum Posts by: Account Closed

I am looking to do a owner/seller finance on my 1st deal. The seller does own the home free and clear. The price is reasonable but I do not have the cash to buy the house out right. It's a 2bd/2ba home 1200sq ft. There is a tenant in the home now. I also would like to do a lease option with the tenant that's in the home now. I am trying to figure out what are the best terms to structure on a deal like this, as far as the owner/seller finance goes?

Are there ways that I could find out if a home that I do not own has equity?