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Updated over 1 year ago,

User Stats

3
Posts
0
Votes
Luis Munoz
0
Votes |
3
Posts

would you take this deal?

Luis Munoz
Posted

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

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