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Updated about 5 years ago,

User Stats

153
Posts
30
Votes
David Lowe
  • Realtor
  • Denver, CO
30
Votes |
153
Posts

Owner Financed Apartment in Louisville (feedback needed)

David Lowe
  • Realtor
  • Denver, CO
Posted

I'm looking to invest in a 2 bed, 2 bath apartment in Louisville, KY. It is turnkey and can convert from traditional rental to STR. Owner has proposed following deal:

- $240k purchase price 
- All furniture included 
- 20% down ($48k)
- 4.5% fixed interest rate 
- 2 year balloon payment 

Would you do this deal? 
What concerns would you have?
 

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