So lets say 10 acres with a home and metal building the seller is asking 329k.
I want to put down 200k, and the owner will finance the remainder.
What would be the best seller finance agreement you can come up with?
I have crunched some numbers, just looking for insight.
My numbers below.
offer 285k
down payment of 200k
finance through seller 100k @ 5% over 10 years.
I wind up paying 23k in interest so 123k plus the offer of 285k puts the seller at 308k.
Just looking for a deal for me and also a motivated seller.
Thanks.
I want to put down 200k, and the owner will finance the remainder.
What would be the best seller finance agreement you can come up with?
I have crunched some numbers, just looking for insight.
My numbers below.
offer 285k
down payment of 200k
finance through seller 100k @ 5% over 10 years.
I wind up paying 23k in interest so 123k plus the offer of 285k puts the seller at 308k.
Just looking for a deal for me and also a motivated seller.
Thanks.