Investor · Fort Collins, CO · Member since 2018 · 37 posts · 27 votes
8y
Hi Dennis - I don't have enough info to reply? You own the home and are flipping it?
Typical seller financed terms usually assume $10K-$20K downpayment and an interest rate at least a few points north of prime (right now, >7%) It can be 30yr fixed or 5-10yrs with a balloon.
These are really rough guidelines but every deal is different depending on your strategy...
Hi Jeff, yes I own and planned to flip. The down payment will be 10%, 7% int. for 10 years fixed, due to the market in this area. Thanks for confirming my thoughts.