Owner Financing... How does it work?

Owner Financing... How does it work?

Member since 2018 · 31 posts · 11 votes

I have a deal of 4 rental college houses. The owners are open to owner financing. We have an LLC an enough cash for 10% down or around 100k. The question is how do you actually do owner financing? Do we have the owners finance the downpayment with a plan to pay them back? If so how is that structured... Or do we have the owners finance the whole thing? If that happens how do we pay our broker? Just so many questions about how to structure the deal. Any feedback would help!

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  • Realtor · Cleveland, OH · Member since 2015 · 2k+ posts · 857 votes
    6y

    Everything you asked is all negotiable 

    BUT usually the Seller will want a down payment from the BUYER. they will finance the the reminder.

    As for the broker, someone needs to pay him. Did he find the deal for you? It can be broken 50/50 between you and the seller

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