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Updated almost 7 years ago on . Most recent reply

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Michael Darby
  • Rental Property Investor
  • Charlotte, NC
0
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Seller Finance & Buy and Hold Deals

Michael Darby
  • Rental Property Investor
  • Charlotte, NC
Posted

Approaching my first Seller Finance deal tomorrow 8/2/18! I completely get thet bu concept of a seller finance deal, but there is always more to learn; like the do's and don'ts. I am also open to do a partnership since its my first deal. 

What should I have in my contract and what should I look for in doing a seller finance deal.

Thanks in advance! 
I am located in Charlotte,Nc!

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Grant Rothenburger
  • Investor
  • Taylor Mill, KY
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Grant Rothenburger
  • Investor
  • Taylor Mill, KY
Replied

@Michael Darby 

Seller financing is flexible and you can put whatever you and the seller agree to. I would come up with terms, write them down, then have an attorney write up the contract. Find a good RE attorney that can also handle the closing and escrow if you have it.

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