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Updated over 5 years ago,
Seller financing on a condo
Hey guys. Still looking for that first property.
I came across a condo for a pretty good price. It's listed as for sale by owner so I was considering reaching out and trying to work out a seller financing deal. When I ran the numbers with the seller financing I had in mind, higher than likely expenses and average rent for the area it looks like it will cashflow a little less than 300(!!!) bucks. I have the numbers for HOA included in my calculation but is there something else I should be looking out for when it comes to condos?
Thanks in advance for the always awesome support!