Owner financing negotiations

[Michael Behr]

Found a property that mentioned owner financing. 152k was the asking price. Market rent is 850-1250 on affordable housing it has 1400

This was there terms for owner financing

Here's the info I got:

The seller said if he owner finances the purchase price will increase to 175,000 and the down payment will be 20,000. It will be a 20 year note and the monthly payment would be around 1500-1600. They came back and said it was negotiable. What is a good offer to put on it if any?

[Grant Linhart]

If the seller carries and seems to indicate a higher sales price etc, he is a savvy investor looking for the folks who cant qualify the conventional way.  He wants the high risk buyer/ tenant.  I was also told by a group of these guys in the past, they know 30% will dfault and they will just start over and they keep the non refundable deposit.  I was also told these gys dont want to do seller financing and benefit us, another investor as they dont make any money doing that.  Food for thought.