I've done a fair share of researching but some things I havent been able to get very clear answers on.I'm looking into possibly buying a laundromat on seller finance and I want to be able to talk to the seller and negotiate terms that benifit both of us that I can still profit with the business.I guess im looking for a clear cut of all the parts of a seller finance deal, how to structure it, and how to negotiate it if countered. example, If i put 10% down, they finance 90%, whats a good or bad interest rate if any, how long of a term, what should the payments look like etcany advice would be a huge help to not only the laundromat but Real estate in general!

If not the bank starts the process that's the issue I see..Then don't get me started on the bad actors who will learn this and will not give two shakes for the seller .. once they realize their credit is not on the line .. rip rents all sorts of bad stuff. that's were i get the heartburn..

I'm currently in the process of getting my license reinstated after it expired last October.

@Luke Masaschi, while the pathway to easing the ADU conversion process is underway in NY, I believe CA is leading the pack.That said, NY law requires a minimum ceiling height of 7 ft. and requires 2ft to be above street level.

The agent should also fill them in on the current market conditions and a brief history recap of the market.Then guide them through the buyers process and explain any docs/contracts the buyer will be using.Big popular teams are fine.They will typically have you work with newbie agents they use for buyers.

If so, I'm assuming we'd have to then go through the foreclosure process, which is what we want to avoid.

What does your process look like when choosing markets?

And, as I also said, structuring multi-company setups takes more than a few tidbits from an online forum.

Great post, and good to see your thought process on the health path.

I am confused on why moving objects that are not permanent structures are not permitted.