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Updated almost 4 years ago, 01/07/2021

User Stats

82
Posts
15
Votes
Tyler Sample
  • Investor
  • San Antonio, TX
15
Votes |
82
Posts

Seller financing for a vacant lot flip? Price to ask?

Tyler Sample
  • Investor
  • San Antonio, TX
Posted

Is this a thing and could it be profitable/worth dealing with? Buying two lots for 10K each (seller is desperate) and the tax assessed value currently is 35K per lot. How much should I ask per lot (residential) based on the equity I will have in them and how do you determine that? I am a former realtor so will be listing as FSBO online, thinking about doing seller financing but never have before?