Seller Financing methods to calculate amortization and payments

[Ethan Evans]

I'm interested in creative financing techniques, to include seller financing.

Once I reach an agreement on the specific numbers for the deal...how do we set that up?

Does the amortization schedule get filed with the sale of the property? How do you document your payments to keep records that you made payment on time? Does seller financing typically allow for extra payments to be made? What if i send an extra $100 on Monday vs Friday, how do you have transparency on keeping that ledger up to date? Does the seller have the responsibility to give you a tax document showing how much money went to interest, as compared to principle, for tax deductions?

Lastly, are there any older BP episodes that go into this kind of detail? Thank you in advance, BP family!