Seller Financing- How to structure?

[James B.]

Hello as an investor, how would you structure this deal for you to purchase?

What terms would you offer to the seller for seller financing (Rate/Terms downpayment)?

Single Family Home 3/2 1300sft

Asking $110,000

Income

Rent $995/mo

Expenses

Taxes. $110/mo

Insurance $65

Vacancy(8%) $80

Maint(8%) $80

Mgmt(7%) $69. = $404/month

CapEX

Unknown- will get contractor to determine. Est. $15,000

Additional Expenses
-Sellers Realtor Commission (3%). $3300

-Title issue. Cost to remedy. $3000

-Closing Costs $2500

-Attorney fee $1000 =$9800

[Joe Villeneuve]

Originally posted by @James B.:

@Ladd Brunner

I wish I could find the 1% in my local CA market! :)

The property is OOS- in Tennessee.

Who cares if it doesn't pass the 1% rule.  That ridiculous rule has sunk, never to be seen again...or should have.  Forget percentages as a guild/rule when making decisions.  They tell you nothing of value, and lie to you while doing so.  Look at the numbers that matter, the ones with $$$$$ in front, and base all of your decisions on those numbers...ONLY.