I have a property owner with an abandoned office building that's 4,000 sqft that needs major repairs.

The owner was initially looking to sell for 1.2 million then later mentioned they were open to leasing for monthly payments.

I have the investors with the cash.

The hardest part will be explaining seller financing to the homeowner.

How should I structure the seller financing deal?

I was thinking:

Find an investor to fund the repairs and to provide a down payment for roughly $30,000 to the homeowner.

The homeowner will deed the property over to the investor which will be covered by a promissory note that will guarantee monthly payments for a certain amount of time until the agreed upon amount is paid off.


Am I missing anything