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Updated about 4 years ago on . Most recent reply

User Stats

44
Posts
24
Votes
Phil Shearcroft
  • Rental Property Investor
  • Kansas City, MO
24
Votes |
44
Posts

Seller finance and balloons

Phil Shearcroft
  • Rental Property Investor
  • Kansas City, MO
Posted

I am currently negotiating a multi property deal that the seller has agreed to a seller finance with a balloon payment in 10 years. My question is if I have an end buyer who would also like to have a similar setup can I wrap the current balloon payment into a seller financing deal for an end buyer. If I can what are the best steps (e.g. attorney, RMLO, etc) that I should take and what should I consider if something goes wrong. Would you recommend avoiding any particular elements to a deal like this and if so why? I have done a few seller finance deals prior but they were very different than this. I am in Missouri. 

Thank you! 

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