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I have a seller willing to do seller financing. House is worth 450,000. It is an inheritance, house is paid in full.
I can purchse for 360,000 with 20,000 down at 4.75-5% over 30 years.
Or purchase at $360,000, put $60,000 and pay either %2 or NO interest, still negotiating…I can get $2,200 per month rent for property. It has a separate guest house so can rent one for 1500 other for 700.
????
No interest is better because all payments go to principal but get the $60k down and make it the first 2-3 years of payments in advance instead of a down payment. Keep monthly payments low so you have cashflow from day one
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