Is this deal structure appealing to the seller for owner finance?

[Eve W.]

The property is a condo ARV is $58-66K.

Seller is willing to consider owner finance and this is what I offered:

sale price is $50K, no downpayment

monthly payment of $400/mo for 5 year

$36K balloon payment at year 5.

Or sale price $50K

downpay $3000

monthly payment of $400/mo for 5 year

$32K balloon payment at year 5.

My exit strategy is to rent it for 5 years for a cash flow of $300/mo.

Is this deal structure appealing to the seller?

Any suggestions?

[Ellis San Jose]

@Eve W.

An offer that is appealing to one seller is an extremely individual situation based on their circumstances and desires.

There isn't a universal structure that will have overall appeal.

The key is to keep making offers crafted from what the seller gives you in your conversations that ultimately make sense for you as an investor.