How should I go about financing this deal?

[Justin Dixon]

Hello BP family.

I need a little bit of insight from you all. I have a motivated seller looking to sell me her home but she has a mortgage on it, but she real wants to get rid of this property. I haven't even told her for sure I could buy it and I found out she has already told her tenant(a tenant who hasn't paid her rent for the past 4 months) to start looking for a new place to live. I just wondering if should or even can set up either owner financing, lease option, or try to eve assume the loan (her month payments are pretty low). Or if there are another way I can go about this all?!? Any and All help would be greatly appreciated. 

[Kevin Fontleroy]

For the owner financing talk to a title company or real estate lawyer to help you draw it up and getbit properly recorded. I wouldnt immediately offer the owner 20% down without knowing her goals. Now if she needs a lot of cash now, sure offer the 20%, she needs it an ultimately we are here to help. But she may prefer payments over the next few years to supplement income. Find out her needs and go from there