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Updated over 12 years ago,

User Stats

96
Posts
11
Votes
Kim Rock
  • Real Estate Agent
  • Yardley, PA
11
Votes |
96
Posts

What would be good seller financing terms on this property?

Kim Rock
  • Real Estate Agent
  • Yardley, PA
Posted

Whenever I see a good investment property I ask if the seller will hold the note.. Most times the answer is no, but a recent agent just told me to propose a plan to him and he'd see if his client would have interest.

What would you propose as seller-financing terms on this property? Sale price 360k, taxes 5k, 2 units - each rented out currently in 1 year leases for $1400.

Property is in a VERY nice area and both rents and value will consistantly go up without any issue.

I know I'd never get approved for a loan right now with my DTI, so seller financing is probably my only option. I am specifically looking for how many years/interest rate/etc you would propose for this purchase. Thanks!

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