Sellers financing deal strcture

[Narinder Gill]

How do I approach a seller with good sellers financing approach on 20 acre ranch? Has anyone done in a deal like that? 100k down 5% interest for 5 years and then refi?? I know the owner well so I just don’t want to discourage him. Any thoughts? Property in Merced county not that it matters.

Thank you

[Darius Ogloza]

If you know the seller well, you should have a discussion around the seller's needs.  How much cash would he/she like to see right now?  What tax impact would a 5 year deal? a 3 year deal?  Keep in mind that, done correctly, seller financing has benefits for both parties.  Find out what the seller wants and do the deal as close to that as you reasonably can.