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Updated over 5 years ago on . Most recent reply

User Stats

8
Posts
5
Votes
Melody Abreu
  • Rental Property Investor
  • San Francisco, CA
5
Votes |
8
Posts

Seller Finance or First time home buyer?

Melody Abreu
  • Rental Property Investor
  • San Francisco, CA
Posted

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

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