In 2017, 86% of all notes created were created by single note creators. This means that these folks were not in the business of selling properties by offering seller financing. Quite the contrary – they had a property to sell, they found a buyer who wanted the property, and they were willing to carry the note in order to get the transaction done. In all likelihood, they will never do another transaction like this.
They are One and Done!
So, what should a solid transaction look like? Target these terms as your minimum:
Residential
Down Payment 10%+
Fully Amortized
6%+ Interest
625+ Credit
If the buyer is weak in one area, make up for it by demanding more elsewhere.