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Updated over 2 years ago,
Advice appreciated on owner finance property-Newbie
Hello BP community!
I am just getting started in real estate investing and have not encountered owner financing situation. Does anyone have any advice?
Scenario-
Price $45k- most likely negotiable property looks to have been vacant for quite a while.
$2000 down $470/mo with no prepayment or balloon penalty.
The house needs a lot of work, almost a gut job. But it looks like a good potential BRRRR property.
Does anyone have any insight or advice on this type of situation? Any input is greatly appreciated!!!!