Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply
Seller financing opportunity
I had an opportunity pop up recently that involved owner financing. I’m just not sure how to analyze it.
It’s a $150,000 house (market value). Currently it is rented for $1300/month. Renovations are being done and rents expected to increase to $1500-1700.
The financing terms are 20% down, 3 years @ 7%.
Or
Interest only with a balloon at the end of 3 years.
This is a college town in a good area that stays rented.
I am not able to do traditional financing at this time which is why the seller financing has attractive.
Thought about offering less down, longer term etc.
Help please!