Seller Financing Continued

SO, we have a total of 3 seller financed transactions in progress in addition to one closed.

Our goal is to set up notes that create at 9-11% yield to a note buyer. The second of these is as follows:

Purchase Price: $175,000
Downpayment: $17,500
First Note: $130,000 @7.5%
Second Note: $27,500 @7.5%

We will be marketing first note for $115,000 which will give a nice passive yield.

This creates a great win/win situation for a couple who could not qualify for conventional financing and an investor who appreciates the opportunity to earn a better than average return on investment secured by local real estate!