Updated over 5 years ago on . Most recent reply
First rental property
This would be my first rental property it is a dual income property I know the sellers very well and they said they are open to carrying the note for me however they want me to drawl up something stating what my down payment would be, A simple amortization schedule as well as any other costs they may pay. I guess my question is the house is 100,000 I was thinking about putting either a five or 10% down payment depending on what they will agree to and see if they would carry the note for a possibly three years but that’s about all I have been able to come up with are there any suggestions on this Or how to figure out the amortization on it