Seller Financing Strategies

[Keagan W Poole]

After asking 50+ investors in my area, one finally agreed to seller financing

Here it is: 

12 Unit Complex in a good size city (population 65,000+). I'm only interested in long term multi-family rentals.

Owner said he would offer seller financing for just that property for $250k with a good down payment.

My question here is, how could I present a fair offer to him considering I have bad credit and less than $500. I don't have much info on the property right now, i'm looking to find a good offer for him (if it is a good cash flowing property). This may be too much for me to handle financially at this moment, but i'm all for doing whatever I can before letting something go. So that's why I'm here asking you guys. Any tactics that could work? Higher asking price for a lower down payment?

Help would be appreciated!