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Updated over 3 years ago,
Seller finance
I am working on the deal of multi family .It's my first deal on multi family . The asking price is $350,000 and seller will cary back $50,000 with 5% interest and 3 years balloon .Can anyone help me calculate the payment I have to pay every month for that amount alone? And is it worth to take that offer? Any advice will be appreciated . Thanks .
Lee.