Updated over 9 years ago on . Most recent reply
Contract for deed options
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...