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Updated over 8 years ago on . Most recent reply

James H.'s profile image
James H.'s profile image
James H.
  • Investor
  • from Dallas, Texas
  • Member since Feb 25, 2016
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User Stats

135
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62
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James H.'s profile image
James H.'s profile image
James H.
  • Investor
  • from Dallas, Texas
  • Member since Feb 25, 2016
Connect
James H.
  • Investor
  • Dallas, TX
62
Votes |
135
Posts
Private Lending & Conventional Mortgage Advice

Quick Seller Finance Question - Texas

James H.
  • Investor
  • Dallas, TX
Posted

Does anyone see any legal pitfalls with offering to pay a seller $50K now, in one year, and in two years, for a total of $150K?

No interest would be specified.  No amortization schedule.  No prepayment penalties.

Obviously, an attorney would be consulted before closing a deal; I am just trying to get an idea before I get a seller all worked up.

State of Texas.

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