Conventional loan with a 10% downpayment, used my commission towards closing costs, and had a seller pay a portion of the closing costs.

Conventional loan with a 10% downpayment, used my commission towards closing costs, and had a seller pay a portion of the closing costs.

A seller will do this because they want cash in their hand.

I also agree with Dan that this will likely be short lived. 

Hey everyone, Ive been searching for the past few weeks for seller finance deals to ultimately rent to Section 8.

Long story short - it depends! 

We put 50k down, 30k in renovations, and the seller financed 150k at 5%.

VRC Platinum-rated short term rental residence offers the highest rental revenues possible.

Not to mention agent fees, staging, and short-term gains tax from the sale.

Section 8 tenants will generally not tell you issues in the property and then tell everything to the inspector which gives you a short period of time to get a lot of work done or you will get abated and lose the rent for that portion.Section 8 tenants are MUCH harder to evict than normal tenants.Happy to talk more about this if you want.