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Updated almost 11 years ago,
Selling a Seller Finance Deal - Pennsylvania
I'm trying to sell a flip in Harrisburg, PA and my business partner and I have only received seller finance offers. We've new investors flipping with cash so we really would prefer not to a seller finance because;
1. We aren't comfortable with the process
2. We want our cash out to do the next deal.
The question is, can we sell the deal and have someone else manage the financing? Below are some deal stats.
List/sell price: $85,000
Down payment offered: $10,000
Terms: 5% interest over 15 years with a balloon at 3 years.
Is it feasible sell it for $75,000 and get our cash out sooner?