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Updated about 11 years ago on . Most recent reply
Owner Financing Deal When Owner Has No Equity
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
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?