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Updated over 7 years ago on . Most recent reply

User Stats

122
Posts
33
Votes
Yiftach Ilyov
  • Specialist
  • Tampa, FL
33
Votes |
122
Posts

Sellers financing and note selling . Need advice!

Yiftach Ilyov
  • Specialist
  • Tampa, FL
Posted
Don't know if it's the right forum but I'm gonna post it here, if I'm not in the right place by all means move it to the right place So I listed my property after flipping it using hard money . Day 2 of listing a guy willing to pay asking price with sellers financing( actually with a rent-to-owe process but I figured I can offer sellers financing). Property in A location( south Tampa ) with a very nice remodel( put in 45, people think I put 80;)) . So I figured hey why not financing the seller and selling the note over . Only issue is that I've never done it before . -will my idea work giving the fact I use hard money? Does my lender needs to know about it ? - what makes a note an attractive one ? - what ways can I qualify the buyer as a borrower ? -what are the "standard" terms for seller financing ? -what else do I need to know? Need advice fellas !

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