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Updated over 5 years ago,
Seller Finance or First time home buyer?
Hi there!
I'm a first time home buyer and looking to buy my first house to live in and eventually BRRR. I have an opportunity to buy my grandmothers house on a nice chunk of land in CA from my relatives (seller finance option). My question is do you think this would be my best choice as far as a loan is concerned or do you think I should exercise my first time home buyer rights?
I know that some key factors like down payment and interest rate will matter from the seller finance perspective but in generally what do you suggest?
Thanks for your help!
Melody