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Updated about 3 years ago,
Seller finance questions
Hi BP Community,
I am trying to offer my sellers seller finance, for those who it works better for. The only thing is I do not have a complete understanding on how to structure the deal.
I would love to do a zoom call with a seller finance pro and pick their brain (will pay for value, of course)
These are some of my questions for now:
- What is the most popular way to structure the loan amortization / balloon payment?
- What contracts do you need?
- If the property needs a rehab, how do you finance that?
- Do you refinance when the balloon payment is due?
Thank you,
Lewis @lewisfisk_ @drivebyhomebuyers