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Updated over 4 years ago on . Most recent reply

Johnny Ruiz's profile image
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Johnny Ruiz
  • Member since Dec 19, 2019
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Johnny Ruiz's profile image
Johnny Ruiz's profile image
Johnny Ruiz
  • Member since Dec 19, 2019
Connect
Johnny Ruiz
2
Votes |
12
Posts
Creative Real Estate Financing

Real estate Seller financing Lead

Johnny Ruiz
Posted

I recently ran into a lead where the owner is open to doing seller financing. The thing is he would like Have free rent until he passes(87 years old). This is hard because I would have to pay him monthly and take money out for a construction loan. Is their a way I can structure whereas his stay goes to the mortgage I owe him? Also once I get a promissory note between both parties will I need to present this to a lawyer?

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