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Updated almost 4 years ago,
Ways to structure seller financing?
I've come across a few potential sellers who are open to the idea of seller financing, my question is how would you go about structuring a seller financing deal?
I'm assuming no one wants to hold a 30 year note at a low interest rate, so what offers have you made to get into the deal? Are you doing short term balloon mortgage offers to get into the deal then saving money from your W2 to refinance out in a couple years when you have cash to cover the 25% down payment? Asking if they'll hold 20-25% of the purchase price on a separate note? Lease options? I know BRRRRing would be a great option with seller financing but what happens when the property you're looking to purchase is already leased out for the next two years and you can't get in to force appreciation?
Just looking for some creative offers you've made for seller financing!
Thanks!