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Updated 8 months ago on . Most recent reply

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139
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Marc Shin
60
Votes |
139
Posts

Creative financing on a Triplex

Marc Shin
Posted

I found a triplex for sale that has been fully renovated for $480K.  I want to see if I can acquire this property via seller financing.  I’m completely new to investing and to creative financing.  If the seller is open to seller financing, I was thinking of putting in a full price offer with 10% down and maybe terms of 30 years with 4% interest rate.  Does this sound like a reasonable offer to a seller?   if not, what would be reasonable terms that a seller might agree to?

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