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Updated over 9 years ago,

User Stats

10
Posts
1
Votes
Adam Smit
  • Investor
  • Wilmington , IL
1
Votes |
10
Posts

Seller Finance

Adam Smit
  • Investor
  • Wilmington , IL
Posted

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 

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