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Updated over 6 years ago,
Seller Financing Intresting Strategy
Wonder if anyone has used this interesting strategy that I was kicking around
Lets say you get a seller financing deal for 100,000, 30 year amortization, 8 year balloon @ 3% (balloon payment would be
$81,829.19 after 8 years.)
Lets say after 3 years you offer the seller to payoff the remaining balance but for doing so you ask for a 10,000 or 15,000 discount on the principal you owe, making this an even better deal for you.
The seller gets their money earlier than they expected and you get a good discount on the property.
Has anyone tried this method? i guess it would really depend on the seller and their situation
I read a forum post a while back but couldn't find it
any feedback would be awesome!
thanks guys