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Updated about 3 years ago on . Most recent reply

Geren Knight III's profile image
Geren Knight III's profile image
Geren Knight III
  • Investor
  • from Cumberland, MD
  • Member since Sep 18, 2019
  • Posts 45
  • Votes 13
  • Experience 6 Yrs
  • Investments 2
Connect

User Stats

45
Posts
13
Votes
Geren Knight III's profile image
Geren Knight III's profile image
Geren Knight III
  • Investor
  • from Cumberland, MD
  • Member since Sep 18, 2019
  • Posts 45
  • Votes 13
  • Experience 6 Yrs
  • Investments 2
Connect
Geren Knight III
  • Investor
  • Cumberland, MD
13
Votes |
45
Posts
Buying & Selling Real Estate

6 year - Owner Financing with Balloon Payment.

Geren Knight III
  • Investor
  • Cumberland, MD
Posted

I haven't had much experience with owner financing as the seller.  I just received an offer on a property that I am selling for $178k.  The offer is "owner financing at $20k a year for six years and then a balloon payment of $200k".  As the seller what are the risks and does this seem "too good"?  The asking price is $178k this would be $320k?  Is that correct?

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