Owner Finance HELP ME! HELP ME! HOW'S IT LOOK

[Tyler Piciullo]

Owner Finance

Purchase Price: $700K

Actual value: $625K

Owner wants 20% down

0% interest

Balloon in 10 years

Cash flow looking at 400-500/M and it is in a highly appreciating area in South Florida

THOUGHTS?? FIRST OWNER FINANCE DEAL

[Adam Schooley]

@Tyler Piciullo this looks like an appreciation play only. I get that the owner is giving you 0% interest but you're also over paying for the property. You're putting down $140k to make $200.00 net cashflow a month? That's a 0.017% COC return! You can make a 5% return by putting that $140k into a high yeild savings account with no risk and make $583.00 per month. I'm a local agent and investor here in Broward if you want to chat.