I am interested in purchasing a property.
The vendor is keen to stay on as tenant. They would like to sell as they would like to free up some cash.
I am tempted to approach the vendor and ask to do a vendor finance deal, but not too familiar with how it work. I have heard talks on it but not sure how to approach it or how it really work and whether it is worth it in this case.
The vendor is asking for $260K. The rent will be around $240 per week.
I would appreciate any advise or comments.
Thank you.
The vendor is keen to stay on as tenant. They would like to sell as they would like to free up some cash.
I am tempted to approach the vendor and ask to do a vendor finance deal, but not too familiar with how it work. I have heard talks on it but not sure how to approach it or how it really work and whether it is worth it in this case.
The vendor is asking for $260K. The rent will be around $240 per week.
I would appreciate any advise or comments.
Thank you.