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Updated almost 4 years ago on . Most recent reply

Delbert Standifer's profile image
Delbert Standifer's profile image
Delbert Standifer
  • Rental Property Investor
  • from Carson, CA
  • Member since Nov 29, 2019
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Delbert Standifer's profile image
Delbert Standifer's profile image
Delbert Standifer
  • Rental Property Investor
  • from Carson, CA
  • Member since Nov 29, 2019
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Delbert Standifer
  • Rental Property Investor
  • Carson, CA
74
Votes |
177
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Buying & Selling Real Estate

What are your thoughts on this deal?

Delbert Standifer
  • Rental Property Investor
  • Carson, CA
Posted

Hello everyone what are your thoughts on this deal?

Off market duplex for 90k

Seller is a friend who is willing to do seller financing.

50% down(45k cash) with 6% interest for 7 years?

It can easily go for 85k cash.

What are your thoughts and numbers?

2 Votes
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Jhanel Wilson's profile image
Jhanel Wilson's profile image
Jhanel Wilson
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since Jan 3, 2016
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Jhanel Wilson's profile image
Jhanel Wilson's profile image
Jhanel Wilson
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since Jan 3, 2016
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Jhanel Wilson
  • Rental Property Investor
  • Philadelphia, PA
58
Votes |
63
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Jhanel Wilson
  • Rental Property Investor
  • Philadelphia, PA
Replied

Are you unable to get a loan?  You could put way less money down if you got a loan.  Does it need renovation?  Would you cash flow?

I usually try to do seller financing only if it allows me to put less money down.  Otherwise, what's the point?

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