Overall we both would win it seems quite big, esp w interest only the cashflow would be positive. he didnt really like we are doing an appraisal as he might be thinking he can pull a fast one on us w his price tag.. again happy to overpay as i see the potential but obv not outrageously. 2) Can principal be payed down in interest only seller financing? 

Only in the last couple of months, 3 of the few lenders I know that do this ended their programs.

The APR is the interest rate plus fees like origination fees, discount points, and mortgage insurance, annualized.  

I am on my first BRRRR and the issue is lenders keep only wanting to lend on 80% of the purchase price and not the actual appraised value, which would keep my money tied up on the rehab portion as well as 20% of the purchase price.

There will be a promissory note drafted for the amount and the duration and interest rates.Is there a risk involved? 

Definitely an interesting place, and as mentioned, you can’t beat the value.

@Kraig Hayes 0% interest deals are not uncommon. 

Yes, the HOA "President" is refusing to provide documents and only after I hired a lawyer did he hire a family lawyer and request $500 for copies to provide me which seems illegal since I'm entitled to the documents. 

Additionally, less is sometimes more... maybe less in the description and less pictures to peak more interest.

Most real estate investors and entrepreneurs struggle with one thing: capital.They either:❌ Don’t have enough cash to fund deals❌ Rely on high-interest loans that eat into profits❌ Overuse personal credit and damage their scoresWhat if you could access $50K–$250K at 0% interest—without using hard money, private lenders, or risky personal loans?