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Updated over 9 years ago,
PLEASSE HELP...Seller Financing and Tenant Buyer Financing Paperwork...
Hey BP,
I have a quick question that I am still a bit stumped about. I am embarking on the Seller/owner financing arena and I am curious to know when I have a house with a Motivated seller that has agreed to seller financing and I stay in the deal obviously to make cash flow out of the deal.
What type of paperwork do I need for the end tenant being that I want the Tenant buyer to either just strictly rent (which I doubt that what I should be doing) or should I have another purchase and sale agreement explaining the terms to the tenant or do I need my Purchase and sale with the seller, be an assignable contract for a qualified tenant buyer for later refinancing?
Sorry of the Crazy direction this question went. I am trying to wrap my head around the strategy I should have for my Renter or tenant buyer as I approach this arena that I need confidence in knowing the direction I need to go with this.
Thanks in advance