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All Forum Posts by: Cameron Young

Cameron Young has started 1 posts and replied 1 times.

Post: I NEED HELP STRUCTURING A DEAL!!!

Cameron YoungPosted
  • Residential Real Estate Broker
  • Sioux Falls, SD
  • Posts 1
  • Votes 0

I am currently renting my townhome and I'd like to sit down with my landlord and discuss purchasing it from him. I am looking for him to finance 20% of the deal with the hopes of going to the bank and getting the 80%. I have someone who's willing to rent the unit out for $1350 and has the money for the downpayment and first month rent. 

Anyone willing to share how they've previously structured a similar deal? 

The townhome is owned free and clear. 

Thanks in advance.