Seller finance deal

[Jonathan Quesadilla]

Hello biggerpockets members,

I am a newbie investor looking to start my journey in the real estate world! I have yet to get my first property and am eager to get my first. I am in the NY market and as you already know, its quite expensive and the tenant laws are in their favor. I came across a house in the MLS in Pittsburgh Pa, Multifamily 4 room 2 bath. The price is only 160k and they are willing to seller finance!! I would perfer to seller finance since its easier than getting approved for a loan. How can i approach this deal!

[Eliott Elias]

Owner finance is a great option, but only if you negotiate it right. You want either of the two, a low down payment or a low interest-rate. Ideally both.