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Updated over 10 years ago on . Most recent reply

User Stats

395
Posts
105
Votes
Ian Hoover
  • Bridgeville, PA
105
Votes |
395
Posts

My first owner finance deal

Ian Hoover
  • Bridgeville, PA
Posted

I am excited that I just completed my first of hopefully many owner finance deals, I paid no money down it needs about $5k including a new furnace we split the furnace repair.

Terms

7.5%

Payment $240 per month (20 year note) plus taxes of $100 and Insurance of $50 per month.

It is out in the sticks a little bit but I should be able to rent for $700-$800 with very little out of pocket.. Worst case I can't see renting it for less then $600 that would shock me.

3 Bedroom 1 Bath..

This one fell into my lap but what are the best methods for finding more like this?

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