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Updated almost 6 years ago on . Most recent reply

William D.'s profile image
William D.'s profile image
William D.
  • from Staten Island, New York
  • Member since Aug 9, 2017
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109
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William D.'s profile image
William D.'s profile image
William D.
  • from Staten Island, New York
  • Member since Aug 9, 2017
Connect
William D.
  • Staten Island, NY
15
Votes |
109
Posts
Creative Real Estate Financing

Owner financing, hold the note

William D.
  • Staten Island, NY
Posted

BP!

I want to purchase a MF from someone, I want to offer 20% down but have them hold the mortgage like they’re the bank. I’d like to explain to this person the pros and cons of him holding the mortgage himself with no banks involved. What rate should I expect him to get in return?

Pros

Cons

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