Hello,
I am looking at this lead and wondering if the seller's financing option makes for a good deal. The all-cash option is a no-go. Your Thoughts
Facts:
Owner is willing to Finance $200K at a sales price of $575 with 8% Interest Amortized over 20 Years with a Balloon in 5 years and a Option to extend 5 More Years at 9% Interest, in combination with Bank Financing for the balance of $375,000) or -ALL Cash Deal at $440K