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Updated over 5 years ago,

User Stats

29
Posts
11
Votes
Jacob Rzewnicki
  • Piscataway New Jersey
11
Votes |
29
Posts

Seller financing on a condo

Jacob Rzewnicki
  • Piscataway New Jersey
Posted

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!

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