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Updated about 2 years ago on . Most recent reply

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Would you think this is a good deal if I seller finance?

Antonio Chelala
Posted

Hello all,

I hope you are doing well.

I would like to get your opinion on the following report in the link below of a property. I know it is pending... I am a new Real Estate investor looking to get my first deal, however, I do not posess at the moment a 20% down payment for the property in  the link below. In your opinion, would it be smart to ask for seller financing for that property and then cash out refinance? What is the typical down payment for seller financing?

https://www.biggerpockets.com/...

Is it worth it to seller finance that deal or a deal like that? Because having the 20% down would actually lead to much higher cashflow monthly for this property.

I am currently trying to see my options and analyze a few deals for training purposes...

Thanks all

Best,

Antonio

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