Owner Financing

[Sheronda Robinson]

I have a question in regards to Owner financing, I have read many forums but yet to find my best solution or option. I ran across a FSBO signed and called the guy up who is selling a property for 55k with 5k down- Owner financing available!!! 5yr refinance, I am still learning about this whole owner financing thing. I was thinking if I purchase the property, my exit strategy would be renting it out to add to my portfolio (or is there other ways)!! He is currently fixing the property up (total renovation ). Any advice or solutions on whether I should move forward on this project or what other questions I would have to ask the seller in order to know my exit strategy. I hope this make sense, any advice is helpful. Thanks!!