Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

9
Posts
0
Votes
Tyler Brady
  • Real Estate Agent
  • Salt Lake City, UT
0
Votes |
9
Posts

Seller Finance - Wrap

Tyler Brady
  • Real Estate Agent
  • Salt Lake City, UT
Posted

Have a question that may be complicated... so I bought a property sub-to (current mortgage is 458k) I am going to sell the home on seller financing to a retail buyer for 699k. They will put 120k down amortized over 30 years with a 5 year balloon/refinance at 4.5% interest rate. I know how much ill make on the down payment but how do I calculate what interest income ill make monthly/yearly? and how do you manage the end buyer to make sure they do the refinance? I will be using a escrow company that tracks the payments, taxes etc..  

Most Popular Reply

User Stats

6
Posts
4
Votes
Perridia Dozier
  • New to Real Estate
  • North Carolina
4
Votes |
6
Posts
Perridia Dozier
  • New to Real Estate
  • North Carolina
Replied
Quote from @Account Closed:
Lets say @Tyler Brady followed your BOMSTSLO method.
He would still have to worry about the Due On Sale Clause right; whether he buys on market or off market?

Loading replies...