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Updated 7 months ago,
Creative financing on a Triplex
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?