Updated over 4 years ago on . Most recent reply
Seller financing down payment
I have a great deal with the seller offering seller financing. We put in an offer where I would be putting down 25%. What’s to prevent me from asking for less of a down payment? Could I theoretically allow him to place a lien on one of my other investment properties in order to ask for less or no down payment?
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
Yes to all of your questions. I usually put 10% down. What is the Purchase Price you made in your offer? What is the interest rate and term length?