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Updated almost 5 years ago on . Most recent reply

Matt Nettles's profile image
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Matt Nettles
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Matt Nettles's profile image
Matt Nettles's profile image
Matt Nettles
  • Member since Jul 10, 2017
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Matt Nettles
31
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53
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Multi-Family and Apartment Investing

Seller Finance Question

Matt Nettles
Posted

Newb question I’m sure but I’ve never done a seller finance deal. I get the concept but I had a MF deal sent to me.. can’t agree on a price with the seller. I aaked if seller finance was an option and their only response was “Assumable loan of xyz” - whole I understand assuming loans.. I’m not understanding how that exactly would work? I take over his loan.. how does he benefit from that? How does that deal work out for him?

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Kristina Sparrow's profile image
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Kristina Sparrow
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  • from Denver, CO
  • Member since Dec 18, 2013
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Kristina Sparrow
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  • from Denver, CO
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Kristina Sparrow
  • Investor
  • Denver, CO
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Kristina Sparrow
  • Investor
  • Denver, CO
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It also works out to the seller's benefit if they avoid any prepayment fees by letting you assume the loan.

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