Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply
Looking for 1st Seller Financing deal guidance
I recently viewed a duplex that I want to purchase and found out that the seller is open to seller financing. Not having done a seller financing deal before I don’t want to assume I know what I’m doing and more importantly don’t want to rush into it without trying to get some feedback from people who have experience on the topic.
What is some good advice for a first timer? What are some documents that need to a part of this type of deal? If the seller still has a mortgage, should I asked to be an authorized user to pay the lender directly?
Any advice is appreciated, thanks.