Pls explain how seller financing works... option on deal

[Rene D.]

Hi BP,

I am currently being offered seller financing on a portfolio of 4 SF. Terms are 10% down, 30yr @ 4%. Does the seller usually ask a tad above asking price as a concession? I've never done seller financing before so anything you could provide is appreciated.

Thank you.

[Dennis M.]

Originally posted by @Rene D.:

@Dennis M. thank you for the confidence boost. Yes they are worth the purchase price w no balloon.

Well those are about the best terms you would ever see on seller financing so it sounds like you better jump on that if you’ve done your due diligence