What seller financing examples have you accomplished?

[Trevor Scheiderer]

I am looking into doing a first deal utilizing seller financing. What are some of the examples/terms that you have had in some of your deals? Any tips or ways you would have improved the deal? Thank you!

[Michael Henry]

@Trevor Scheiderer

My first property purchased in 2015 selling price was $155k. Appraisal came in at $131k

Instead of dropping the deal owner agreed to owner finance $25k ... 30yrs amortization With a 5yr ballon.

Payments approx $150/mo

I put down 5% on a conventional loan for the remainder. Only $6,500

Fast forward to 2019 property is worth $200k , rents for $1775/mo. I can refinance to pay owner or sell in 2020. I’ll be selling the property to invest in other deals.