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Updated almost 10 years ago on . Most recent reply

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302
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106
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Nathan Waters
  • Rental Property Investor
  • St Joseph, MI
106
Votes |
302
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Making an offer to include seller financing. What should I include?

Nathan Waters
  • Rental Property Investor
  • St Joseph, MI
Posted

I have found a motivated seller with 4 separate SFH's. She is retiring as a property manager and is willing to do seller financing. I plan on doing one home at a time to prevent from over extending myself. My question is, what do I include with the offer? I have purchased homes before, but never with seller financing. I don't want to come off as a complete newb. I was planning on submitting an informal offer over view of the terms of the purchase and loan. I was also going to include 2 years worth of tax statements as well as my current pay statements. Is there anything else I should include or anything I should do differently? I would also like to hear from anyone with 3rd party loan management experience. Upon coming to an agreement, I plan of having my attorney draft up an actual financing contract. Any advice is greatly appreciated. Thanks.

  • Nathan Waters
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