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Updated about 10 years ago on . Most recent reply

User Stats

10
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8
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James Sheppard
  • Real Estate Agent
  • Richmond, VA
8
Votes |
10
Posts

Non-Conventional Financing

James Sheppard
  • Real Estate Agent
  • Richmond, VA
Posted

I have a single family home that I am interested in doing a buy and hold transaction but based on the selling price there really isn’t enough equity in the home to do a hard money loan so that I can purchase and refinance later.I am looking for someone to carry the note for maybe 10 to 15 years with a very good interest rate with an option for me to pay it off at the 10 year mark.I am open to any type of options that makes sense.The property is located in central Virginia and in area that is in high demand because of the school district.Just wanted to know if anyone has some steps that I can take to solve a problem like this?

Thank you in Advance,

James Sheppard

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