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Updated over 8 years ago on . Most recent reply

Jason May's profile image
Jason May's profile image
Jason May
  • Investor
  • from Baton Rouge, Louisiana
  • Member since Feb 19, 2015
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Jason May's profile image
Jason May's profile image
Jason May
  • Investor
  • from Baton Rouge, Louisiana
  • Member since Feb 19, 2015
Connect
Jason May
  • Investor
  • Baton Rouge, LA
0
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11
Posts
Real Estate Deal Analysis & Advice

Selling a rental in Louisiana please analyze

Jason May
  • Investor
  • Baton Rouge, LA
Posted

I am currently selling a house that needs some work (10K siding replacement) and updating but is still rentable. It is a house that would list for 250k after updating (2300 sq ft 4/2) but the layout is poor.

I currently owe 128k on the house and someone offered to take my note +10K +400/month for 100 months.

Does anyone have any experience with these type of deals if so what interest and paper work do you use for the transaction?

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