Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

2
Posts
0
Votes
Makeila logan Lafate
  • Philadelphia, PA
0
Votes |
2
Posts

Properties under 50k

Makeila logan Lafate
  • Philadelphia, PA
Posted

Trying to find real estate under 50k in the philadelphia/nj/de or tristate area is in mass abundance! However trying to find fianacing is a much larger one. I have reservations  regardinh hard money because what if the flip has to turn into a hold because it doesnt sell quickly? So I would think seller financing would be the route to go. A sample deal that would be ideal for me would be to buy a distressed multifamily 2-4 units for 15,000. Put down 1500.00 and pay the owner over a monthly payment with a 4% interest rate over a 48 month period. I get an affordable mortgage rate while im fixing up the property. The owner get a down payment, a monthly payment and makes 1200.00 in interest. But getting the sellers is my problem. The homes are listed through agents and they look at me like I have 4 heads when I mention seller financing  or owner will carry! Any help on finding owners/sellers in my area who would want to do seller fianancing?????

Loading replies...