Updated over 10 years ago on . Most recent reply
Seller Finance
As i was driving the streets the other day, I discovered an 8 unit multi-family for sale by owner. After calling the owner, I discovered the property is owned by an older couple who is looking to get out of the REI world (ready for retirement). They are asking $389,000. The property is in excellent condition, and it is in no need of any immediate repairs. I have a meeting set up later this week to begin negotiations on the property. I do not have the capital at this time to put 20% down on the property. How should I approach the seller with the idea of seller financing with 0% down? Any idea would be very helpful.
Regards,
Adam G. Smit