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Updated almost 9 years ago on . Most recent reply

Cory Calvin's profile image
Cory Calvin's profile image
Cory Calvin
  • Investor
  • from Brighton, Colorado
  • Member since Feb 17, 2014
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User Stats

59
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5
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Cory Calvin's profile image
Cory Calvin's profile image
Cory Calvin
  • Investor
  • from Brighton, Colorado
  • Member since Feb 17, 2014
Connect
Cory Calvin
  • Investor
  • Brighton, CO
5
Votes |
59
Posts
Buying & Selling Real Estate

Owner Carry - Interest Only?

Cory Calvin
  • Investor
  • Brighton, CO
Posted

A local investor is looking to sell one of his single family homes to me. $230,000 strike price on terms of interest only for first 10yrs at 8.5% and amortize principal for 20 years after. Comps in the area are ~$180k. It isn't necessarily what I would call a fancy house, but it's definitely a rental.  

Thoughts? Or what might be a better way to slice it for both of us? 

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