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Updated 6 months ago,
Wondering if a seller finance deal is worthwhile
Hi,
I'm new to real estate investing. I am trying to decide if a seller financing opportunity is a good one. I have an option to buy a 4 bedroom house in Ocala for $296,000 at 6% interest amortized for 25 years ballon payment in 10 years. The 4 bedroom home in this area of Ocala typically are listed for about $320,000 range. I like the Ocala market but not sure if this is a good opportunity and if the Ocala market is a good one for REI. Any feedback would be greatly appreciated. Thanks!!!