Sellers Financing
I have a 5bd 2ba that needs moderate rehab under contract. ARV $300k. I do have someone interested but just in case.
Purchase Terms:
  • Purchase Price: $175,000
  • Down Payment: $31,000 (includes assignment fee)
  • Entry Fee: $31,000
  • EMD: $500 (credited at closing once paid)
  • Closing Costs: ~$4,500
  • Total to Close: ~$35,000
Financing:
  • Interest Rate: 8% ( sadly they wanted over 10%)
  • Amortization: 30 years
  • Balloon: 5 years
  • PITI: $1,770/month
  • First Payment Due: 120 days after closing
4
6 comments
Kiadra Faulkner
3
Sellers Financing
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