Owner Financing

[Michael Cox]

I have a deal for owner financing to put 4k down on 95k mortgage and pay 1% APR on a 30 year amortization for 5 years then it balloons. I am the one writing up the paperwork and need a little help/advice on what I need to have in the contract. I have a simple contract I use for my wholesale deals but I don't know what else I need to add for this type of different deal that I am actually stepping into instead of wholesaling. Any advice?

[Monica Breckenridge]

These types of transactions you probably would need to seek help of an attorney. I do these transactions, but every transaction is different. I don't like to give any advice on these because it's so easy to screw something up.