Seller Financing Documents

[Josh Pryor]

Seller financing looks like one of many creative strategies with REI, however, I do not fully understand this. Do I need a lawyer? How do I document this? How do I pitch this to a potential seller? ANY info is helpful. Thanks!

[Carl Fischer]

@Josh Pryor

Yes get an attorney. There are many reasons sellers like “owner financing” better rate of return than a cd, easier to sell the property, more buyer availability, push out taxes, etc. you can use Lease option paperwork, installment sale documents, note and mortgage/deed of trust to solidify the deal as discussed by @Stanley Bronstein  sophisticated sellers also will help with proper documentation.