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Updated over 5 years ago on . Most recent reply

Adam Cincotti's profile image
Adam Cincotti's profile image
Adam Cincotti
  • from Katy, TX
  • Member since Nov 25, 2018
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Adam Cincotti's profile image
Adam Cincotti's profile image
Adam Cincotti
  • from Katy, TX
  • Member since Nov 25, 2018
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Adam Cincotti
  • Katy, TX
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Buying & Selling Real Estate

Owner Financing Question

Adam Cincotti
  • Katy, TX
Posted

I have recently come across a for sale by owner/owner finance deal. The asking price is $350k, he wants $75k down, and 12% interest for 15years. The interest seems high to me.

What should I expect to pay in interest in a typical owner financing situation? Any advice on this would be appreciated.

Thank BP

Adam Cincotti

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