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Updated almost 7 years ago on . Most recent reply

User Stats

28
Posts
0
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Jason A.
  • Real Estate Investor
  • Cambridge, MA
0
Votes |
28
Posts

Need help executing my first seller financed deal

Jason A.
  • Real Estate Investor
  • Cambridge, MA
Posted

Hi everyone,

I would appreciate your help with this one. I am a buyer negotiating a seller financed property.  We've agreed on the terms of the deal, but I'm wondering about the mechanics of executing the deal.  Do I need to go through a title company? Where do I find a contract I can use for this deal?  If the seller is financing the deal, who will service the loan?  Do I need to find a bank to do that? or do I just send the seller a check every month. 

As you can tell, this is my first seller financed deal and I appreciate any wisdom and knowledge from the biggerpockets community.  Thank you so much! 

Jason

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