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Updated almost 5 years ago on . Most recent reply

Andrew Wiseman's profile image
Andrew Wiseman's profile image
Andrew Wiseman
  • Rental Property Investor
  • from Payson, IL
  • Member since May 7, 2018
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Andrew Wiseman's profile image
Andrew Wiseman's profile image
Andrew Wiseman
  • Rental Property Investor
  • from Payson, IL
  • Member since May 7, 2018
Connect
Andrew Wiseman
  • Rental Property Investor
  • Payson, IL
1
Votes |
6
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Creative Real Estate Financing

Help with a seller financing deal!!!

Andrew Wiseman
  • Rental Property Investor
  • Payson, IL
Posted

I have a guy wanting to sell 6 units for $160,000 in Quincy IL. I brought up the option of seller financing and the benefit for him with capital gains. I want to bring him three different options for me to purchase. Having never done or presentes seller financing I am hoping someone can lay out some basic terms for me.

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    Tom S.'s profile image
    Tom S.'s profile image
    Tom S.
    • Real Estate Investor
    • from Burlington, VT
    • Member since Feb 4, 2010
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    Tom S.'s profile image
    Tom S.'s profile image
    Tom S.
    • Real Estate Investor
    • from Burlington, VT
    • Member since Feb 4, 2010
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    Tom S.
    • Real Estate Investor
    • Burlington, VT
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    Tom S.
    • Real Estate Investor
    • Burlington, VT
    Replied

    @Andrew Wiseman  Have you first confirmed he owns the properties free and clear? Otherwise SF is much harder and not really clean.

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