Structuring Seller Financing Deal

[Jon Mason]

I have some questions about structuring a seller financing offer.

1) Can you offer the seller a certain monthly payment that makes the property work with the rent it will command, or is it typically something you just plug into a mortgage calculator and the payment is based on the down payment, term, and the total loan amount?

2) I know a couple of benefits for the seller, like getting full asking price and having lower taxes on the money the get, but are there any other benefits?

3) does this typically work for properties that don’t need a bunch of work?

I know some people who live out of state and they have a vacant property that is mostly or completely paid off. They are wanting some monthly money coming in and were thinking about renting it, but they don’t want to manage it and want us to manage the property for them. I was thinking of putting together some scenarios that may work for a seller financing offer and see if they’d be interested. Any advice you can provide on how to make this an appealing deal would be greatly appreciated!

Thanks!