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Private Lending & Conventional Mortgage Advice

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Phil Shearcroft
  • Rental Property Investor
  • Kansas City, MO
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44
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Seller finance and balloons

Phil Shearcroft
  • Rental Property Investor
  • Kansas City, MO
Posted Jan 16 2021, 18:30

I am currently negotiating a multi property deal that the seller has agreed to a seller finance with a balloon payment in 10 years. My question is if I have an end buyer who would also like to have a similar setup can I wrap the current balloon payment into a seller financing deal for an end buyer. If I can what are the best steps (e.g. attorney, RMLO, etc) that I should take and what should I consider if something goes wrong. Would you recommend avoiding any particular elements to a deal like this and if so why? I have done a few seller finance deals prior but they were very different than this. I am in Missouri. 

Thank you! 

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