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Updated over 8 years ago on . Most recent reply

User Stats

373
Posts
173
Votes
Allen Maris
  • Investor
  • Santa Ynez, CA
173
Votes |
373
Posts

Best options to carry?

Allen Maris
  • Investor
  • Santa Ynez, CA
Posted

I'm looking to sell one of the properties and had a prospective buyer ask me to carry a loan for 5 years (amortized over 5 with 10% down). 

I'm not familiar enough with Dodd-Frank limitations, so would love to hear thoughts on structuring this in a way that won't cause any problems should the deal ever need to get challenged. This is the only seller carry I'll do this year as well.

Of course I'll go to a lawyer to do the agreement, but want to make sure that going in I know what all the options are.

Thanks, BP'ers!

  • Allen Maris
  • Most Popular Reply

    User Stats

    373
    Posts
    173
    Votes
    Allen Maris
    • Investor
    • Santa Ynez, CA
    173
    Votes |
    373
    Posts
    Allen Maris
    • Investor
    • Santa Ynez, CA
    Replied

    @Chris Mason - Yes, they apparently had a couple issues and their credit score was low. I haven't gotten into the details yet as I was just trying to explore if it's a realistic approach for me.

    @Roman M. - thanks for the thoughts.

  • Allen Maris
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