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Updated over 8 years ago,

User Stats

21
Posts
2
Votes
Marcus Ford
  • Realtor/ Wholesaler& Investor
  • Forney, TX
2
Votes |
21
Posts

Owner Finance Deal In Dallas, Texas

Marcus Ford
  • Realtor/ Wholesaler& Investor
  • Forney, TX
Posted
Hello BiggerPockets, I normally wholesaler properties to investors in my area. However, I met with a seller today who was interested in owner financing a property, after I made an offer that she wasn't happy with. Here are the number ARV is 70k-75k....Estimate repair cost $20k-25k depending on rent ready or complete rehab... House is free and clear except for the huge $22,375 back taxes on property. My terms offer was something like this: I saw I could offer lump sum down payment, pay her a monthly payment, plus I would refinance property after rehab and pay her off. Now as I think about it, I'm not sure how I could make this a good deal for both parties. Seller is very motivated, I did show her the comps, so she knows my original offer to purchase straight out is 25k...Does anyone have any other creative ways I could make this deal SWEET

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