Flipper · Hamden, CT · Member since 2013 · 11 posts · 2 votes
I never did a deal like this before. Is this a good/reasonable offer? The time seems too longs to me...Whats a reasonable percentage rate for a deal like this? Any pitfalls I need to watch out for? Sorry for so many questions.. Any help would be appreciated.
@Bob O'Neill A little short on details. First or 2nd position. Time and expense to foreclose in CT, Contract for deed or regular mortgage. Term for how long. There is a risk and you should be compensated for the risk.