Creative Real Estate Financing
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Updated almost 3 years ago on . Most recent reply
![Kara Leboeuf's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/128942/1621418228-avatar-lebuff.jpg?twic=v1/output=image/cover=128x128&v=2)
seller financing with 0% down and 0% interest
Hey Everyone,
Just want to share an awesome deal we have under contract.
Our goal this year is to purchase a house a month, or more. And we have been focusing more on the creative financing side. We posted an ad and found a landlord off market who was looking to get rid of a property due to a tenant not paying because of covid. The property is in decent shape but he wanted to wash his hands of it and not have to go through an eviction.
We negotiated a purchase price of 0% down, $99,000 for 15 years at 0 % interest!!!
He really just wants a reliable check written to him each month. The market rent for this property is 1300/month.
As pace morby says, I can give you the price you want, if you can give me the terms I need. And we did it!
Seller financing for the win!
Most Popular Reply
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That's amazing! Where did you post the ad?