Owner financing

[Claude Hodge]

Hey everyone. Have a question to run by you all here. I want to buy a property for around 30k. I want to talk to the current owner (an investor who flipped the property) about doing owner financing. Can someone tell me what a typical deal like this might look like? I don't want to go ask him about this as an option, and then not have a clue how to make this a good deal for both of us. I feel like he would be in total control of how this would work if that was the case. If it helps at all, I plan to buy the property to hold as a rental. Any info will be greatly appreciated. By the way, I want to walk through the home by Friday, and I want to start contacting the owner through the realtor right away, so I hope to hear some advice soon!

Claude