Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Lease Option vs Partial Seller financing
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.