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Updated almost 3 years ago on . Most recent reply

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48
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20
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John Martinez
  • Homeowner
  • Texas
20
Votes |
48
Posts

Seller Finance - Is it worth it?

John Martinez
  • Homeowner
  • Texas
Posted

I am looking into a potential investment property that is in bad shape. The price is reflected of it and I would actually try negotiating the price down a bit more due to the amount of work that has to go into the property. 

The current owner is allowing seller financing with a $20K down payment. If I can get it for what I want to and the rehab cost I estimated are accurate it can potentially bring between $15K - $25K in profit, the only thing I am unsure if is "seller financing". 

Has anyone done this already? Can you share your experience? 

Most Popular Reply

User Stats

192
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184
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Lexey Vezzoso
  • Real Estate Agent
  • Boise, ID
184
Votes |
192
Posts
Lexey Vezzoso
  • Real Estate Agent
  • Boise, ID
Replied

Hey John!

My husband and I LOVE seller financing. It's a great way to obtain investments while obtaining little to no debt through a traditional bank loan. 

As long as you're doing it correctly I definitely think it's worth it. 

If you would like to jump on a call with my husband and I to talk it over we'd be happy to help you out with how to structure the deal. 

Good Luck!

Lexey 

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