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Updated almost 4 years ago,

Tom Sproul's profile image
Tom Sproul's profile image
Tom Sproul
  • Realtor
  • from Blacksburg, VA
  • Member since Sep 16, 2015
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User Stats

6
Posts
1
Votes
Tom Sproul's profile image
Tom Sproul's profile image
Tom Sproul
  • Realtor
  • from Blacksburg, VA
  • Member since Sep 16, 2015
Connect
Tom Sproul
  • Realtor
  • Blacksburg, VA
1
Votes |
6
Posts
General Real Estate Investing

Seller Financing Logistics

Tom Sproul
  • Realtor
  • Blacksburg, VA
Posted

Hello BP!  I am considering purchasing a rental property from a family member using seller financing.  My question is what kind of logistical pieces do I need to be aware of before diving in?  Any recommendations on software?  Can this be handled with a simple contract?  Do we need to involve lawyers, accountants, or loan servicing folks?

My goal is to keep it as simple as possible, I just want to stay out of trouble with the IRS or any other lawman.

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