All Forum Posts by: Tyler F.

 Yea, that was one thing I realized.  I'd be underwater from the start, for the most part.  

Sadly, no.  The owner's family convinced her not to sell.  I definitely learned a lot though and am still on the hunt!  I've narrowed my focus to single family homes for the time being (unless I happen upon an MF opportunity.). I see you're in Ft Laud -- we should talk more!

Hey folks, first time poster and looking to get my feet wet.  I'm pretty fascinated with some of the deals that people are able to put together with seller terms.  I completely understand that it depends on what the seller's needs are and many just want to take the money and run.  I read an older forum post that intrigued me and the author said something like 'I tell them I can give them the price that they want if they can give me the terms that I need.'

Anyway, there's a duplex that I'm interested in.  It's been owned by a 90 year old woman who lives locally (and owns other properties from what I can ascertain.)  Assuming the bones are good, I'd probably offer 250k for it as it is, but if the seller would entertain terms, there's another couple choices I was going to present.  

$250k -- I'll bring my own financing and she walks with 250k (and has to pay cap gains on the difference between that and her basis, which I presume is very low)

$350k -- I'll give her $35k down and the balance as 300 monthly payments of $1050.  (effectively $215k financed at 3.27%)

$450k -- $0 down and the balance paid as 360 monthly payments of $1250  (effectively $250k financed at 4.39%)

Now, I know I'm hoping for a unicorn here, but my question is more around whether or not this is the type of adjustments you would make to your deal to accommodate a seller's wants or needs.

Anyways, thanks for reading and offering your feedback!

T