Updated over 2 years ago on . Most recent reply
Help With Seller Financing
Hi, I have a deal that I'm looking at, where the seller is considering seller financing as the house has been on the market more then 150 days.
They currently have a 230,000 mortgage, 48k that needs to be paid for the solar panels, and brokers would be paid around 30k.
How do I structure the deal?
I would like to keep as much cash in my pocket for rehab and repairs. So paying a lump sum would be difficult.
Do I end up covering her mortgage payments and then paying 7% on the full price of the house?
Never done seller financing and would appreciate the help. Thanks in advance.