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Updated about 5 years ago,

User Stats

152
Posts
90
Votes
Erica Larence-Penna
  • Attorney
  • Rhode Island
90
Votes |
152
Posts

Is this a good deal?

Erica Larence-Penna
  • Attorney
  • Rhode Island
Posted

Property in Windermere, FL with seller financing.

Purchase price: $104,950

Down payment: $10,490

0% interest, 7 year balloon, 30 year amortization, $250 monthly payment

Property is currently vacant and recently renovated (I've been looking at BRRRR properties mainly, but this seemed like a good deal).

Has previously rented at $2,400/month.

If any Orlando area realtors can offer some help too that would be great! Deal just seems too good to be true and I’m a long distance investor.

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