Nathan Payne asks a seller what terms would work for seller financing. The seller wants at least 5% interest (matching money-market returns) and 10-15% down. Payne notes wholesalers aim for no-money-down but must meet the seller's expectations.
If you were to sell it on terms and we were able to negotiate something, do you have a certain amount of money that, or interest, that you would want on the property for it to make sense or be worth it to you?
You know, my money market's paying close to 5%.
Okay, so 5% interest rate. And, um, you have a certain amount of money down? I mean, for us, we'd love to get into these for no money down, but you know, that's not always the case.
You know, if we could do, I don't know, 10 or 15% down would be would make it worth our while.
Yeah, totally get it. Yeah, that's why I asked up front, just because, you know, sometimes the cash offers come in a lot lower, so we like to have other options available.
Why Traditional Wholesaling Keeps Failing You (Use This Pre-Flip Method Instead)
