If they specifically need to cash-out to buy another home than seller financing is often DOA.As mentioned, if the have a balance on their underlying mortage- If they want to pay it off it might require a big downpayment- It is possible to leave it in place with a Wrap but that is an advanced strategy and while fairly low risk, the due on sales clause is a concern.On interest rate, my experience is that a seller finance buyer usually has to pay a few points above the going interest rate for conventional/FHA lending so probably closer to 7% these days although it never hurts to ask for lower...All of this is theoretical so the advice to chat with seller to get more information is the right next step.Jeff

I'm replacing the aging boiler and hot water heater systems in a MA multi-family rental property in the next few months, going through the MassSave discount program.

I'm a little bit confused about the process of going through the MassSave program in a multifamily rental property in which none of the utilities are actually in my name - I was told that setting it up with the electric account number for one of the tenants is the simplest solution, but I'd prefer not to have to go through them to get it all done.

I've done some homework but really need someone to talk to who has actually used these programs I'm reading about. 

Thank you in advance !

Thanks in advance!

Thanks in advance!

That particular deal ended up falling through anyway, but my concern is that this will continue to happen and I will end up killing many leads when I politely decline advances before a deal is finalized.

Facebook link doesn't work.If you are having trouble saving the photo directly from Facebook you can screen shot the photo, paste it into your paint program and then save that as a JPEG or PNG.

Thanks in advance everyone!