Need advice. Owner has no knowledge of owner fin. Presenting the benefit of owner fin. Am I on the right track? Traditional sale: Sale Price $425,000 Real Estate Commission (6%)– $25,500 7($425,000 × 6%) Estimated Seller Closing Costs– $13,500 Estimated Capital Gains est. $204,500 @ 17.5%– $35787 Estimated Net Proceeds to Seller $350,213 Owner Finance: OFFER Sale price 350000 Down payment $20,000 Owner finance note for the remaining: $330,000 Interest rate: 3% Term: 30 years (fully amortized) Balloon payment: We pay off the entire remaining balance after 8 years What you actually receive over the 8 years. Down payment (day 1) $20,000 pure cash profit Monthly payment (years 1–8) $1,392.97/mo × 96 months = $133,725 Part principal, part interest Of that $133,725: Interest portion ≈ $71,150 your profit minus taxes Principal portion≈ $62,575 Balloon payment at end of year 8 ≈ $267,425 (remaining balance) capital gains Total cash you receive over 8 years≈ $421,150 Your true profit (down + interest)≈ $91,150 Estimate Closing Cost ($5,200) Capital gains ($35,787) Net Proceeds $380,163

Let's connect

basically, a seller what's to get out of an upside down mortgage and rent from me?! @Rick Ginn