Owner financing must please the needs of the seller, lump sum now or later, plus the monthly payments which you two work out to please you both.

And if so, how did it work out?

If you network well and commit to being available when you say you will be then it will work out.

Those that have actually gotten some kind of loan workout arrangement in place with their bank are the ones that just happen to open their doors and tell you the good news... interesting how that works.

Will look into the cash for keys option if the CPA/lawyer route doesn't work out.

As I've written on other similar threads: I'm always suspicious of Reports that already have their desired $ profit in mind, when voila, the figures somehow magically work out to give that exact profit margin!

@Aliz Rao I'm not one to be negative, but there are so many red flags with this transaction that I would never have advised a client to do this deal...maybe have an exit plan in place just in case this one doesn't work out as you had planned...you're upcoming out of pocket is going to be massive over the next year...huge carrying and renovation costs...and best case your returns don't make sense for the risk you're assuming...

However is it cash flows today you are getting a benefit even if the purchase doesn't eventually work out.

Currently leaning toward putting the payment toward my student loans as the mortgage will be paid off once I sell the place and I would still have the student loans.Mortgage interest rate is 4.75% and the student loans work out to be around a 3.78% interest rate.Any thoughts would be greatly appreciated.Thanks,Scott

Looking at the weather, Friday may work out best.