Need creative investing advice

[Isaiah Moch]

I️ have found a fourplex through Zillow that was listed as a rental, but I️ contacted the owner and asked if he was interested in selling. Long story short, he would be willing to part with the property for 150k. Each unit rents out for $500 x 4. My expenses on this unit would be just under $1000/month not including the mortgage payment. The seller seems very negotiable and I️ was thinking of doing a seller financed deal with him. My idea was something along the lines of an interest only loan with a balloon payment at the end. My thought process being that I️ would be able to cash flow the whole term of the loan, and by the end either conventionally mortgage out, or sell of the property and reinvest. Questions, comments, concerns? Thanks!

[Corby Goade]

People can give you advice on these forums all day, but it's really about what works for you and what the seller will accept. Typically, owner finance deals come with a down payment and an interest rate that is a bit above market. That said, maybe the seller is interested in unique terms? Why not come up with a scenario that you really like and propose it to the seller and ask for feedback?