1st Seller finance duplex

[Paul Sassin]

Have an off market duplex opportunity. Traditional financing on it doesn’t make sense. Not enough per door cash flow.

However, The seller is dumping 5 or so properties as he is “retirement age”. I just want 1 of the 5 properties. I think seller finance could make sense here since he could lower his capital gains.

He was cash flowing around $750 per month on the house. I would like to offer him a 10 percent downpayment, about 15k and a similar monthly payment per month over 4 years.

2 big questions for me right now.

1. How much interest I should pay him?

2. The real estate agent involved is the selling and buying agent for us. How much should he be compensated?

Any advise is appreciated.

Thank you all!!

Paul