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Updated over 9 years ago,
Seller Financing?
Hey BP,
So I have been watching this house in my neighborhood like a hawk. It has been listed for almost a year and hasn't sold. Its listed for 250k and probably worth that if it weren't on a busy street. It is in a great neighborhood but is priced too high and the seller just wont bring it down. They have took the for sale sign down currently and I am thinking about talking to the seller. The school district is great and it would make an awesome rental. It is fully updated and could probably rent for $1650 or slightly higher. I want to knock on the door and make them an offer but am struggling on how to present it... Should I ask if they would be willing to do a seller financing deal and find a lease option tenant? Or ask if they would do seller financing and keep it for myself?