Seller Financing Terms

[Nick Schultz]

Hi! I’m new to BP and real estate so I’m hoping to connect and learn from the community. My first question: What would you consider reasonable terms for seller financing? I’m sure it varies quite a bit based on the situation but I’m looking for general guidelines. I had a seller offer financing with the terms being 60% down, 8% repayment in 6 months. Any feedback greatly appreciated! I’m in the Raleigh NC area for reference. Thanks!