How do I make an "Owner Financing Packet"?

[Kate Lastrapes]

Hey guys, I'm new to bp and in real estate in general and I really would like to know how to make an owner financing packet.

There's a house that I have my eye on and I know the easiest way to acquire it would be either private financing or owner finance.

I have the following specific questions:

-What should the packet include?

-Is it pretty easy to close this way or is it a bunch of red tape? What should I look out for?

-Pitching tips?

- I was thinking about making my offer at 7% APR does everyone else think that's fair?

Thanks guys!!