Owner Finanacing- What to expect?

[Jacob Kline]

When an owner is potientally willing to finance, what can I expect? And what kind of deal should I be shooting for (in terms of interest rate)? Never dealt with this before. My credit score is 729, I’m 22, and my only income to date is from my own business which I started about 18 months ago.

The numbers I recieved so far are a comp range, the low range is 525k and high is 620k for a portfolio of 7 rentals. Ideally I’d like to put 60k down which would be around 10%. With owner financing what could I expect to get in terms of interest rate?

Are there any benefits to get a mortgage versus owner finance?

Any help is always appreciated!

Thank you