what to do when getting a deal from owner finacing

what to do when getting a deal from owner finacing

Member since 2022 · 62 posts · 39 votes

hello biggerpocket. i found a property with owner finance, i'm offering what the seller is asking wich is $88,800, i asked the seller whats the interest rate he is charging and he said 0 with $10k down what do i do next in this case, do i hire an attorney or a agent. this is my first time doing this

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  • Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
    9mo
    Quote from @Kristin Vegas:

    hello biggerpocket. i found a property with owner finance, i'm offering what the seller is asking wich is $88,800, i asked the seller whats the interest rate he is charging and he said 0 with $10k down what do i do next in this case, do i hire an attorney or a agent. this is my first time doing this

    You certainly want a Title Report to see if he is entitled to sell the property and whether there are any liens on the property.
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