Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
2 seller financing multi-units
Im interested in 2 two family homes in glens falls ny. The seller is a landlord who is looking to retire and is willing to hold a note on the 2properties. He wants $135,000 each with 10% down and 4.25% interest for 30years. Neither home needs workThey both gross $1600 per month each both have $3700 tax and $1263 insurance. The sewer/garbage/snow removal is estimated at $140 per month on each property. I ran some numbers and offered him $100,000. He says his price ia firm.
Can anyone tell me if this is a deal i should look into or should i drop it and move on. Im new to investing and don't want to over analyze but i also dont want to have negative cashflow.