Updated about 5 years ago on . Most recent reply
My First Deal Buying a property from family with seller financing
I'm buying my first property a 3 bedroom 2 bath house for 115k in one month in the D[M]V area. The property will be valued for around 315k once rehabbed. We are using seller financing for the loan for 15 years with 2.00 % APR and I'm covering all the attorney fees. The seller is a relative. I planned to BRRRR the property.
Is there anything I should include in the contract with the seller when buying the property? Or any additional advice will be helpful.