Owner suggested seller financing..not sure what to do.

[Trevor S Foster]

So I've been in real estate for 2 years & I've done 4 wholesale deals.

This is the first time I've come across an owner willing to do a seller financing deal. I've read all about it and listened to podcast on it but now that its an actually possibility I don't know what to do.

Property is in Washington DC, fully paid off. 

Comps show an ARV of 750-790.

The owner wants to get $430,000

The basement has its own entrance and can be turned into a separate unit from the upstairs.

I'm not to sure on how I would structure this deal, so any insight would be greatly appreciated. 

I would like to fix the property up, rent it out and refinance in 3-6 months so I can buy more rental units.

[Nii Okai]

@Trevor S. Foster

Hi Trevor.... Aren't you a lucky man? This is every investor's dream - seller financed deals. Great.

Is this a single family, detached or row house? How many rooms or units are in the property ? 

Where in the DC area is this property? SE, NE NW?. 

What kind of works are needed and what would this cost?

What is the as is value of the property?

Nii Okai