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 over 12 years ago,
What would be good seller financing terms on this property?
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!