Need Land Installment Contract for NY

1 Reply

Hey BP community!

Derek Dillon here, a investor from Southampton NY. I am in the middle of trying to purchase a 2 family house located upstate NY. The method i am using is No money down: Owner financing. 

I need a contract that i can send out to the seller to review to make this deal happen.

Anyone know of any agreement that i can send over to the seller for review and execution? 

Here are the terms that i offered.

$40,000 + 5% Interest

Interest to be paid first then principle

$600/Month

Principle to be paid at sale

Thanks in advance!