Deal or No Deal for a Multifamily Purchase

[Bridgett Elliott Golman]

We have an opportunity to purchase a Multifamily for 47k. We own several properties now so instead of traditional financing, made an offer to the owner for $52,400 to be paid in 3 years with no interest. The deal looks like this —20k down, $900.00 per a month for 3 years. The total equals $52,400. The advantage of course is the 0% interest rate and the fact that property will be paid for in 3 years. We also will save more 30k on the overall actual cost ( of compound interest) on the property since we are not using bank financing. My husband is not a fan of the offer because the property will not cash flow for three years and we will be paying 217 out after rent payments. What are your thoughts and advice?