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Updated over 2 years ago on . Most recent reply

User Stats

27
Posts
4
Votes
Ed Walker
  • Real Estate Agent
  • Chesapeake, VA
4
Votes |
27
Posts

Owner Financed Deal!!

Ed Walker
  • Real Estate Agent
  • Chesapeake, VA
Posted

Good morning/ afternoon BP family,

I have an owner finance deal that I am pursuing and would like the best course of action. Here is the deal:

Property has an ARV of $250,000

Purchase Price is $190,000

Rehab: $5,000-8,000 (for a lease option tenant)

Seller needs $30,000 at closing

Financing: 15 years at 0 %

Rental amount: $1,800

My payment (including T&I): $1,100

Suggests Please!

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