Help structuring first seller finance deal!

[Stefan Hirniak]

Hi BP community!

Hope everyone is doing really well. I have a little opportunity on a SFR that we will use as an STR.

Few interesting things about the area and property:

1) the area allows STRS

2) near a national park

3) small amount of competition 

4) large lot and ability to add a glamp site or luxury RV in addition to the property

5) how is considered “off grid” but has water and electricity currently hooked up

I have confirmed that there are no loans on the property and that they are open to entertaining a seller finance.  The list price is approximately 315k and there are agents involved.  Property has been listed for a long time on the market so I am not in a rush but want to get some opinions on how to structure the deal.

Ideally I’d like to structure with as little money down and a great interest rate.  Any help, suggestions or ideas would be greatly appreciated.  I have done my research and have some ideas but would also love to crowdsource.

thanks and appreciate everyone in this community!


-stefan