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Updated about 2 years ago on . Most recent reply

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John Boutros
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Creative Real Estate Financing

Seller Finance Note Words of Wisdom

John Boutros
  • Investor
Posted

Hi BP'ers,

My partner and I are potentially buying a property  that is being fully seller financed. 3% interest rate, 8% down, 900K purchase price, 5 year balloon. Numbers, cash flow, and upside work out well. 

What are your thoughts on things to look out for when doing a cash out refi in 5 years to pay off seller note in full? Any pitfalls to potentially avoid ahead of time? Appreciate your 2 cents! Thanks.

-John

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Chris Seveney
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@John Boutros

Make sure you have plenty of equity and really good credit

  • Chris Seveney
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