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Updated about 5 years ago on . Most recent reply

Clynt K.'s profile image
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Clynt K.
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Clynt K.
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Clynt K.
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Multi-Family and Apartment Investing

Contract for deed, 10 unit apartment building

Clynt K.
Posted

I'm working on buying a 10 unit apartment building using seller financing. Does anyone have any spreadsheet formulas for seller financing? We haven't agreed on terms yet, but I'm thinking it will be 3 years with balloon payment due at the end of year 3. When determining the interest rate, is it common to have it amortized for 25 years like a commercial loan?  Any help would be appreciated. 

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