Updated almost 12 years ago on . Most recent reply
Question purchasing 1st deal
Hello,
I am purchasing my first deal and the closing is on Friday. I am buying the property from a person who was losing it for not paying his taxes. I offered him that he would net $4500 and I would pay all the back taxes and closing fees. I am short $1500 to cover all the closing fees and back taxes and I spoke with the seller and he will allow me to prepare a separate agreement between me and him for me to pay him the $1500 in 5 monthly installments of $300. So he will net $3000 at closing. Does anyone have a document I can use for this type of agreement?