Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 about 8 years ago on . Most recent reply

User Stats

58
Posts
27
Votes
Ashton Sharp
  • Rental Property Investor
  • Bakersfield, CA
27
Votes |
58
Posts

How to set up seller financing?

Ashton Sharp
  • Rental Property Investor
  • Bakersfield, CA
Posted
I may have found a deal with 100% seller financing, but I don't know where to go or what to do to set up seller financing or what rates to accept for that matter

Most Popular Reply

User Stats

276
Posts
169
Votes
William Murrell
  • Investor
  • Wilmington, NC
169
Votes |
276
Posts
William Murrell
  • Investor
  • Wilmington, NC
Replied

Step one: use the search and read up on the site.  Lots of good stuff on seller financing.  Step two: consider the rate you'd pay if you went to a bank and then offer above that.  CD's, Money Market, etc. are not offering anywhere near what a mortgage is going for right now, so if you offer a premium it's going to be looked on as a good deal.  For instance, if a mortgage is 4.5 % right now and you offer 5-6%, they're not going to find that in many other places right now and you should market it as such.  Don't forget to run your numbers at that interest rate though!

  • William Murrell
  • Loading replies...