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Updated about 11 years ago on . Most recent reply

Account Closed
  • Contractor
  • Glenside, PA
3
Votes |
30
Posts

Owner Financing Deal When Owner Has No Equity

Account Closed
  • Contractor
  • Glenside, PA
Posted

Is it possible to make an owner finance deal work where the owner has no equity in the deal, and still has ~350 payments left to make? It's a rental property, and to make it cashflow on my end as the buyer, I can only pay the seller what they will be paying their mortgage company every month (essentially taking over their payments like a subject-to deal). So I feel it's basically a win-lose situation - I win, but the seller loses.

So is there any way we can make this a win-win?

Let me know if you need more info, and thanks!

Most Popular Reply

User Stats

170
Posts
73
Votes
Greg B.
  • Investor
  • Syracuse, NY
73
Votes |
170
Posts
Greg B.
  • Investor
  • Syracuse, NY
Replied

Does the seller really lose? He's looking to sell for a reason (hassle, money problems, bad property maybe) and you can help him/her out. What's the cash flow like? What's the potential? Will you end up trying to sell at ~340 payments?

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