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Updated almost 5 years ago,

Nick Schultz's profile image
Nick Schultz's profile image
Nick Schultz
  • Contractor
  • from Raleigh, NC
  • Member since Feb 18, 2020
  • Posts 37
  • Votes 14
  • Experience 5 Yrs
  • Investments 3
Connect

User Stats

37
Posts
14
Votes
Nick Schultz's profile image
Nick Schultz's profile image
Nick Schultz
  • Contractor
  • from Raleigh, NC
  • Member since Feb 18, 2020
  • Posts 37
  • Votes 14
  • Experience 5 Yrs
  • Investments 3
Connect
Nick Schultz
  • Contractor
  • Raleigh, NC
14
Votes |
37
Posts
Buying & Selling Real Estate

$100k down for land?

Nick Schultz
  • Contractor
  • Raleigh, NC
Posted

I’ve been talking with a wholesaler about a lot in downtown Raleigh to put a home on. The land price was $180k negotiable. Owner financing offered at $100k down at 8% and 6 month repayment. New homes in the area selling for $400s. Is it common to ask for over 50% down on a deal like this? What do you think about this?

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