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Updated about 11 years ago on . Most recent reply

Ralph R.'s profile image
Ralph R.'s profile image
Ralph R.
  • Real Estate Agent
  • from Milwaukee, Wisconsin
  • Member since Mar 28, 2014

User Stats

114
Posts
30
Votes
Ralph R.'s profile image
Ralph R.'s profile image
Ralph R.
  • Real Estate Agent
  • from Milwaukee, Wisconsin
  • Member since Mar 28, 2014
Ralph R.
  • Real Estate Agent
  • Milwaukee, WI
30
Votes |
114
Posts
Creative Real Estate Financing

Land contract interest rate?

Ralph R.
  • Real Estate Agent
  • Milwaukee, WI
Posted

How much should I charge for interest rate on a land contract?

I am selling  a property for $55k with $5k down. I am thinking for 8% interest.

I do not make mortgage payments but my partner does hold a $25k mortgage that will be paid off when the buyer can get financing.

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