Need help executing my first seller financed deal
Hi everyone,
I would appreciate your help with this one. I am a buyer negotiating a seller financed property. We've agreed on the terms of the deal, but I'm wondering about the mechanics of executing the deal. Do I need to go through a title company? Where do I find a contract I can use for this deal? If the seller is financing the deal, who will service the loan? Do I need to find a bank to do that? or do I just send the seller a check every month.
As you can tell, this is my first seller financed deal and I appreciate any wisdom and knowledge from the biggerpockets community. Thank you so much!
Jason