Updated about 11 years ago on . Most recent reply
Owner Financing - Office Condo
I own an office condo that I've had since 2006. A few months ago, my neighbor approached me about buying it so they can expand. 1200 sq/ft, 4 offices, conf. room.
I offered owner financing and gave them 4 different financing scenarios...with one of them be 6.85%, no money down, 25 years, no pre-payment penalty, $250,000.
Perhaps...I was a little too zealous on that scenario?