Private Lending & Conventional Mortgage Advice
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 1 year ago on . Most recent reply

Client interested in selling to friend buyer financed - Need advise
Good evening Maite from Florida (currently living in Orlando),
I'm new to BiggerPockets :)
I have a client that is interested in selling her condo to a friend, owner finance.
Do I use the regular Residential Sale/Purchase contract? Anything additional clause I need to pay attention for this transaction?
I assume the terms are whatever they are comfortable negotiating, like rate, length of loan and then the title company drafts the details of the loan?
Thank you!