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Updated almost 9 years ago,

User Stats

10
Posts
0
Votes
Percy Yarleque
  • Real Estate Investor
  • Herndon, VA
0
Votes |
10
Posts

0% Seller Financing

Percy Yarleque
  • Real Estate Investor
  • Herndon, VA
Posted

Hello Guys,

I am working on a deal where the seller is willing to take payments over time. I would like to structure my offer as 0% seller finance, no money down. The property is free and clear, everything is paid off.

The property could rent for $2,000-$2,200. I am new to this and unable to analyze the deal and come up with the monthly payments that would benefit both, me & the seller. Also, what type of contract would you use? From my research, I saw that a land contract will be more suitable for this, but not sure.

The purchase price is $400K and would like to finance it for 10-15yrs, plus a balloon at the end.

Your input would be greatly appreciated! 

Thank you for your time!

Regards,

-Percy

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