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Updated almost 3 years ago on . Most recent reply

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Matthew Robledo
Pro Member
  • Investor
  • Denver, CO
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Owner finance need to figure out contract.

Matthew Robledo
Pro Member
  • Investor
  • Denver, CO
Posted

First time on BiggerPockets & first post. 
i’m working on a deal the homeowner wants 100,000 for the home asking for 50-60k down homeowner will finance the rest any recommendations on how to write up a contract for this? 
  

Do we involve a lawyer a banker don’t know where to start. 

Thanks for the help and any information someone can give me ! 

Matt 


  • Matthew Robledo
  • Most Popular Reply

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    Replied

    @Matthew Robledo Agree to terms and take it to a title company. They will do the promissory note and mortgage. I don't know why you want to tie up that much money on a owner carry, unless he is financing at 0%. 20-25% down on a regular mortgage. Additional benefits include an appraisal.

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