I Would like Creative deal options.

[Joe Threats]

Hey BP fam....

I wanted some feedback on some creative seller finance options.

Scenario: Landlord friend is dumping his properties. List price 138k he owes 20k 4/1

The area can rent for 1200-1500 per month. No rehab needed

My goal is to buy and hold with little to nothing on a down-payment. No more than 5 to 10k.

Possible offers # 1 ....125k 10k down-payment 20 year loan

#2 140k 0 down-payment 2% interest 20 year loan

#3 135k 5k down-payment 0%interest 20 year...

Again my goal is to have cashflow and great COC return which in every offer I should. Is there anything I can add to sweeten the deals so it can be a win-win for both sides?

Thanks inadvance!

[Account Closed]

Quote from @Joe Threats:

Hey BP fam....

I wanted some feedback on some creative seller finance options.

Scenario: Landlord friend is dumping his properties. List price 138k he owes 20k 4/1

The area can rent for 1200-1500 per month. No rehab needed

My goal is to buy and hold with little to nothing on a down-payment. No more than 5 to 10k.

Possible offers # 1 ....125k 10k down-payment 20 year loan

#2 140k 0 down-payment 2% interest 20 year loan

#3 135k 5k down-payment 0%interest 20 year...

Again my goal is to have cashflow and great COC return which in every offer I should. Is there anything I can add to sweeten the deals so it can be a win-win for both sides?

Thanks inadvance!

Let him know that taxes on selling properties is very high and he can save that by offering them to you on Seller Financing or Lease Option. Tell him that using an agent to sell will probably cost him 5% to 6% of his profit and none of that is necessaary if he sells to you. And, as a bonus, you'll take him to Wallace BBQ.