Buying a mobile home park and possibly a few other properties tied into the deal. No realtor. How do I negotiate a seller finance? What paperwork is needed? Should I involve a realtor? If anyone has a podcast # they think would be helpful, I’m all ears.
@Amanda Marian this is prop 101. get it in writing. Get a purchase contract and write your terms. DP, interest rate,amortized over how many years. If the seller signs it take to a title company or attorney(don't know who does closings) and they will do the rest.
Thanks Tim, I own 5 properties but have never done a seller financed deal so I just wanted to make sure I do it correctly. Appreciate the response!