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Updated over 7 years ago,

User Stats

35
Posts
6
Votes
Chad Huffer
  • Investor
  • Glen Burnie, MD
6
Votes |
35
Posts

Lease Option vs Partial Seller financing

Chad Huffer
  • Investor
  • Glen Burnie, MD
Posted

I currently have a property held in LLC that was intended to be a flip however it's taken longer than expected to sell. I have a self-employed buyer interested in it and she has great credit, however the bank loan limit for her is 25K short of the sale price. My agent is asking if I would be interested in doing a partial seller finance deal for the remaining 25K. I currently have hard money loan on it, but the amount the bank is willing to loan would cover the HM loan.

Just looking for advice pros/cons.