Updated over 16 years ago on .
Unilateral Notes?
I have a seller who is the executor of his late father's estate. He also happens to have 5 siblings who have an equal share of the building. The building is a 10-unit apartment complex that they inherited, own and are (poorly) managing.
At this point I'm thinking about an offer that looks like this: $300,000 sales price, $30,000 down and 6 unilateral notes of $45,000 (1 to each sibling).
The reason why I would offer it as such is so the executor would be tempted by the convenience of such a payment structure vs. getting a check for X and having to send out 5 other checks per month to his siblings.
Thoughts?