How to structure a Seller Financing deal?

[Brandon Kelly]

BP Pros... ...I have a project (SFR home) that was intended to be a BRRRR, a little too much $$$ went into it (to make it right), and because of that, it's on the market for sale.

This pains me, as it would make a great rental, a worry-free rental, for YEARS to come.

It's a project with my long-time business partner, and in the past, we've done the typical cash-out refi with them - all working out great.  This time, with the $$$ overage in improvements, and current rates, it doesn't work (from a cash-flow positive perspective).

I just pitched the idea (to my partner) about doing "Seller Financing", making the terms work with rental rates (i.e. lower interest rate, longer term, etc.), and he's interested.

Having never structured one before, was hoping someone out there has an easy spreadsheet, or a resource, to run a few scenarios, so that I can present my partner with the terms, amortization schedule, etc.

Thanks in advance!!

Brandon J. Kelly (Architect, Real Estate Broker, Developer & Investor)