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Updated over 5 years ago,
Neighnbor selling home soon
my neighbor is selling his home soon, probably in the next 4-5 months. I wouldn't mind owning the property. what are some ways i can purchase that place to save the most amount possible other then traditional loan. i can easily qualify for another loan but i wanted to know other avenues that can help save me money and also help me make the most for my money. seller finance, low offer cash deal.
Also how do i analyze how much rent would be in my area?
his realtor told him to list it for $220k
that would mean my down payment on traditional loan would be $44k
is seller financing an option? how much should i negotiate for?