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Updated about 8 years ago on . Most recent reply

User Stats

74
Posts
14
Votes
Samuel Watts
  • Flipper/Rehabber
  • Lexington, KY
14
Votes |
74
Posts

Using BRRRR Strategy with Owner finance/land contract

Samuel Watts
  • Flipper/Rehabber
  • Lexington, KY
Posted

Hello, I have found a guy who is trying to sell some duplexes at $65k each which will need about 10-15k in repairs in the next 5 years or so. I am thinking about asking him if he would consider doing owner financing for 6 months until I can refinance and pay him back. I have never done owner financing before and wanted to get peoples opinions as to whether or not this is a good idea

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