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Updated almost 9 years ago on . Most recent reply

Dustin Barr's profile image
Dustin Barr's profile image
Dustin Barr
  • Real Estate Investor
  • from Albert Lea, Minnesota
  • Member since Dec 17, 2013
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23
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Dustin Barr's profile image
Dustin Barr's profile image
Dustin Barr
  • Real Estate Investor
  • from Albert Lea, Minnesota
  • Member since Dec 17, 2013
Connect
Dustin Barr
  • Real Estate Investor
  • Albert Lea, MN
2
Votes |
23
Posts
Buying & Selling Real Estate

Contract for deed options

Dustin Barr
  • Real Estate Investor
  • Albert Lea, MN
Posted

What option would you take? Contract for deed for 9 units of rental properties.

1) 455,000 after down payment at 7% intrest for 20 years
2) 455,000 after down payment at 6% amortized out over 20 year. Balloon payment after 8 years. Re-fi with bank at 5% with approx 20k? in closing costs, bank fees, appraisal etc...

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