Seller Financing, creative financing, no to low money down

[Edward Jette]

I am currently looking at a four plex. I would like to purchase using Seller financing. The Property is paid off, from the numbers it will cash flow well. Never structured a deal using seller financing not sure how the numbers work.  Where to go from here?

[Alex Deacon]

@Edward Jette  Work your numbers just like the seller was the bank. Treat it no different. The seller will charge you interest just like the bank. Have an attorney draft the note and mortgage. Make sure you use accurate vacancy rate, repairs, management fee , taxes and insurance etc..