Are you willing to pay extra for no money down or creative financ

[Daniel Perez]

Are you willing to pay extra for no money down or creative finance deals?

Dear Group Members, thank you in advance for your valuable  feedback on this matter. I’m currently looking to purchase a property  at a 6% cap rate where I know we paying extra. ( 2% cap extra)  the property for us and market value has a value of an 8-8.5 cap rate. However, the seller won’t budge on price but agreed to do a seller finance on the second note for 10%. With this being said, we only need the 15% to acquire this property.

The ROI is good but the downside is the extra premium we paying to get the deal. No appreciation! But good cash flow.

What are your thoughts?  Thank you in advance!