Updated over 11 years ago on . Most recent reply
Multifamily
Hello,
I have always wanted to own multifamily units of 4, 6, 8 or no more than 50. I have knowledge of several that are owner finance by the sellers. Can you tell me how I can get the owners/sellers to do a MLO with a realtor being involved? All advice needed.
Most Popular Reply
what is the MLO for?
If I knew someone who wanted or would sell real estate with owner financing, I would:
Make a simple purchase/sale agreement.
Make a Promissory note with amount and payment terms.
Print a Mortgage Note to file at courthouse documenting the terms.
Simple