Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

25
Posts
5
Votes
John Mimms
  • Campobello, SC
5
Votes |
25
Posts

Need a loan to pay off Raw Land to owner finanace.

John Mimms
  • Campobello, SC
Posted

I bought just over 36 acres in 2009  and have added a barn and infrastructure to build a home in the future but I have now decided to move from my current area. I have an offer of 500k on the property currently but the buyer needs to owner finance. I owe apprx 230k on the property and the buyer can put 100k down. My lawyer says we need to have the property free and clear to owner finance. I have decent credit but will be changing employers next week. I currenlty hold notes on three other properties that I am owner financing.   Does anyone have any idea where I can get a loan(130k) to pay off the note so I can unload the property? 

Loading replies...