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Updated over 9 years ago on . Most recent reply

User Stats

393
Posts
116
Votes
Alain Perez-Majul
  • Investor
  • Indianapolis, IN
116
Votes |
393
Posts

Looking for 300K Cash, Land Contract, 8-9% amort. 10 yr balloon

Alain Perez-Majul
  • Investor
  • Indianapolis, IN
Posted

So here's the deal:

I have a client looking to buy a house of up to 300K for their personal residence. We're trying to find someone that would be willing to give up to 300K cash to purchase the property (the property would be bought under the lender's name); upon closing, we would then double close with the lender. We would like to do a land contract where my client would give 100K down payment, and would then do a 10 year balloon amortized over 30 years at 8-9%.

Please, if you are interested, or know of anyone that might be interested and would be able to help, lemme know!!

@Shawn Holsapple

Looking for

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