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Updated about 4 years ago,
Owner Financing - 30K Down Payment
Hi All,
I'm a foreign investor.
Let's say I have a property that is rent ready and estimated at $210K ( renting average in this area for such property is $1600)
I want to owner finance it in the following terms: $30K down payment and $1550 for 30 yrs. ( the 1550 include rent + insurance + tax)
Will I have a hard time finding someone to put a 30k down payment? Does people with that much saving, usually have good credit score and buy with a conventional loan ?
Thanks