Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
would you take this deal?
Hi everyone! needing opinions regarding my first investment property. I currently own one side of a duplex and an investor purchased the other side and is willing to do seller financing. Here are the details:
my conventional mortgage
Balance remaining: $23,000
term of loan: 38 years
interest: 3.25%
Monthly payment $300
(investor) seller financing side
Asking $110k
Down payment of $10k
interest rate of 9%
25 year term
payment $840 estimated.
Market comps in the area would be $850 a door, resulting in $1700 gross profit. Would you take this deal? If this the wrong group please let me know!
Thank you for your time,
Luis