New Mortgage 8% interest

[Timothy Brubaker]

Hi everyone my name is Tim. I currently sold a house in a A rated neighborhood under owner financing. Total price was 140,000. Down payment was 32,500. Interest rate is 8%. Term is 30 years. So my mortgage I have them was for 107,500 I am a flipper and heard note investing could be a useful avenue to sell houses quicker so this is my first one. I hope that an investor like you would like the interest rate you could receive with a safe investment like this one and purchase the mortgage for 107,500. Yes this is a first position mortgage.

The couple who bought it are around 65. They own a few assisted living facilities in the area and are using it for their business as it has a lot of rooms. They say they want it paid off in about 10 years through extra payments but wanted to be safe and do a 30 year contract.

 It has been completely remodeled Including new flooring throughout, new kitchen, updated baths, wrap around deck, fresh coat of paint, crown molding. Please check out pictures on Zillow. The address is 3853 Argonne st Mogadore OH. It technically has 3 bedroom 3 baths however, the basement is completely finished and has 2 additional bedrooms and a kitchen, living room, office. 1900 sqf upstairs 1900 sqf downstairs.