Trying To Put Together My First Seller Financing Deal

[Michael Bracewell]

Good morning everyone,

I have a property in the Milledgeville, Ga that would be a value add to my portfolio and I am looking at making two offers. The first, would be a lower cash offer which would be fairly straight forward, but the other would be a higher offer with the property owner having the chance to earn interest over a fifteen year time frame. 

My question is, how should I go about structuring this deal as a proposal to the homeowner? Obviously, I personally would prefer this option as a way to keep my upfront cost out of pocket to a minimum even if it means paying more over time because the property would still cash flow $100.00 a month with the current rates. 

If you were in my position, how would you get started? Is seller financing a good way to approach this or should I look for alternative ways to approach this deal. Thank you for any advice and for taking time out of your day to help!