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Updated over 3 years ago on . Most recent reply

Vic B.'s profile image
Vic B.'s profile image
Vic B.
  • Investor
  • from Williamsport, Pennsylvania
  • Member since Jun 21, 2015
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Vic B.'s profile image
Vic B.'s profile image
Vic B.
  • Investor
  • from Williamsport, Pennsylvania
  • Member since Jun 21, 2015
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Vic B.
  • Investor
  • Williamsport, PA
0
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Buying & Selling Real Estate

Owner financing - Being the bank.

Vic B.
  • Investor
  • Williamsport, PA
Posted

I have a long term tenant that has asked me to sell a house to them on an article.  I have never done this and was thinking a five year balloon note.  The house is 140k. Should I get a down payment?  Are there any forms or contracts on this site to help me set this up? 

Looking for how to proceed on buying a house and then holding the note with a fair interest rate...

Thanks

Vic

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Eric James's profile image
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Eric James
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  • from Malakoff, TX
  • Member since May 2, 2017
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Eric James's profile image
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Eric James
  • Investor
  • from Malakoff, TX
  • Member since May 2, 2017
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Eric James
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  • Malakoff, TX
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Eric James
  • Investor
  • Malakoff, TX
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You'd need to own it free and clear.

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