Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

45
Posts
4
Votes
Malcolm Brown
  • Real Estate Agent
  • Philadelphia, PA
4
Votes |
45
Posts

Seller financing

Malcolm Brown
  • Real Estate Agent
  • Philadelphia, PA
Posted

Working on my first ever deal, and surprisingly it's a seller financing deal. I've structured the deal via an agreement of sale. The seller and I sat chik-fil-a today and I explained everything I could to her to help her understand the deal. The seller just wants to get of the property all together,  not keeping the deed in her name or the mortgage. Shamefully, I've briefly begin marketing to deal the have a few buyers already interested. SMH, at this point do I just let this deal go, and refer her an agent who can have a buy to pay off the whole loan amount or do I try something else? 

Property information:

ARV 110k

No repairs needed 

Loan amount 65k 

Payments 545/month

Interest rate .08% (P.I)

Seller asking 15k (buyers responsive to me asking 25k down payment at closing 

Current tenant paying 800/month

Market rent 1000

Loading replies...