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Updated over 8 years ago,
Questions for the owner
Hello BP family! Newbie coming at you with a short story for a potential 1st deal which would be a live-in, for a year or two then rent it out. I contacted an owner about his property and he told me the reason for selling is because he is now an empty nester now that his children have graduated, and they are now moving from Oklahoma to Florida, which makes him a motivated seller. I am going to look at the property tomorrow and I need to know if he is willing to owner finance with little to no money down. He is asking 60k. If he still has a mortgage, can I ask him to refi and then sell? it has been on the market for over 110 days. what are my options? only needs minor cosmetic from what I've seen in pics and what owner has said. also has added valued due to a converted garage one bed/bath studio, office, etc. thanks in advance for any advice