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Updated almost 9 years ago on . Most recent reply
Seller financing
How does this work? If seller agrees to provide financing, what specific process we need to follow to make it happen? Pros and cons? If I have both bank and seller providing finance, how does these two work together?
Many thanks in advance for any input.
Albert
Most Popular Reply
Brian Gibbons
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
#5 Guru, Book, & Course Reviews Contributor
- Investor
- Sherman Oaks, CA
@Albert
You are asking a big question
1 if you are buying from sellers on seller financing, it is investor to investor, not owner occupied, no Dodd Frank
2 if you are buying for owner occupancy on seller financing there is Dodd Frank, see a RMLO
3 find a seller that wants payments over time, I compare with the owner seller financing with annuities and reverse mortgages.
@Albert D.undefined