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Updated about 3 years ago,
Analyzing my first Multi-Family Deal
writing up my first offer on a seller financing deal. I've analyzed it a million times and I am beyond nervous, but I'm going for it! My biggest obstacle is writing this offer with a good enough incentive for the seller to pick me, over the conventional loan that's also on the table. However, I've been told he's willing to take any offers and has mentioned sellers financing is on the table. So, in this scenario what's a good interest rate? It's a 5 unit building. $225k asking. The interest rate and monthly payment are my biggest obstacle to figure out right now.