Seller Financing Terms for Investment Property
Keeping our seller financing simple both of us can do more transactions to make more money. Here are a few typical terms I can extend to investors to help you buy investment property without a conventional bank loan:
The Down Payment
- 15 – 25% of the total purchase price depending on investor experience and credit’
For example, at $33,000 15% down is $4950.00
The Monthly Payment
- 1% payments – 1% of the total purchase price minus the down payment
For example in the house is $33,000 and you put 15% down that leaves a balance of $28,050. 1% of that is $280.50. So your monthly payment would be $280.50 that includes taxes and insurance. In other words your P.I.T.I. = principal, interest, taxes and insurance would be $280.50.
The Length Of Contract
- One year
- Renewable extension at sellers option.
- Annual maintenance and condition inspection = $95.00
Other factors come into play such as credit and investment experience level obviously factor in to your terms. In order to talk hard numbers with you about we’ll need your application.
You can see our frequently asked questions and apply online in about 8 minutes right here
RESOURCES FOR REAL ESTATE INVESTORS
Plug in to your REIA
Another great resource for finding real estate investments and Seller Financing Terms for real estate deals is your local Real Estate Investors Association™, or REIA (pronounced REE-ya). That is where investors with a love for real estate, a sincere desire for financial freedom, and an optimistic, forward-looking attitude gather to share timely information and ‘what’s working today’ strategies and examples.
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