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Updated over 9 years ago,
I think I found a great deal...but I need help structuring my contract...
Hello,
I found a great owner financed deal yesterday. The property is owned by the seller free and clear. And he has offered me to do an owner financing deal. The property is worth about 320k and he's asking full price at 3.5 interest for 8-10 years.
I'm a new investor so I'm very nervous and excited at the same time. I'm reaching out to you more experienced investors for help. I need an owner financing contract for the state of Maryland. Where or who can I get one from? And also can you can give examples of some offers. So that I can have an idea of the best way to format it? Also could I assign this deal to another investor as I do not have the money for the down payment. Thanks for your help. I greatly appreciate it.