Happy holidays to you all.I’d like some advice on a flip I financed in central Phoenix .

The owner wants to do seller financing with these termsAsking price: 600,000 but says he is not totally firm.Down payment: 150-175,000Interest rate: 5-7%Payment: unsure yet but wants a balloon in 5-10 years.So I'm posting looking for advice as I am going to meet with him next week and discuss further in depth about buying the property.

Many thanks and happy holidays to all!

Hi All, Hope everyone is having a great holiday season and are making deals and money wherever you are.

Have a happy and safe holiday season!

There was a discussion in this forum few years ago. 

I'd like to explore the use of options in a series of blog & discussion posts and would appreciate connecting with anyone that has had experience with real estate purchase options (note: these are not lease-purchase options for renters).Thanks!

Happy Holidays!

Other than that if you are eligible - Solo 401k would be more robust vehicle compared to SD IRA.Here is pretty lengthy discussion on the topic of SoloK which you might find beneficial if you wish to learn more:https://www.biggerpockets.com/forums/51/topics/527...

So that they have a little on going skin in the game if they feel it is truly a good dealIn my experience I have not seen that.. wholesalers are all about getting paid up front.. end of that discussion.. many need the money to keep feeding the marketing machine and simply are not financially able to take back end profits .. thinks more of a used car salesmen mentality than a sophisticated JV partner