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Updated over 8 years ago on . Most recent reply

User Stats

98
Posts
16
Votes
Indra H.
  • Investor
  • springfield, MA
16
Votes |
98
Posts

Help, please!

Indra H.
  • Investor
  • springfield, MA
Posted
Hello BP world, i need help structuring a deal. I have never done seller financing, have few ideas but would love any suggestions. A local agent has listed a property for 35k and after asking he said the seller is willing to seller finance. The agent said he expected a higher than asking price offer if i wanted to owner finance. Now, im not sure this idea is coming from the seller. Asking 35k completely gutted Needs 30k repairs ARV 80k I want to hold and rent it Rent 1250 conservative How should i structure my offer,im thinking i can fix and cash out within 18 month to pay the seller. Any help from people that are experienced with seller finance would be appretiated. Thanks

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