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16
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16
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Arianna Farinas
  • miami fl
16
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16
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Not sure who to contact

Arianna Farinas
  • miami fl
Posted Jun 10 2024, 12:02

Hello Bigger Pockets Fam! 

I need a little help finding out who would be an ideal contact to start a Seller financing agreement. Im going to buy my parents apt, we have most of the details worked out but im not sure who i speak to to create the actual document. 

Any direction would be appreciated!

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Charles Carillo
Pro Member
  • Rental Property Investor
  • North Palm Beach, FL
1,862
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Charles Carillo
Pro Member
  • Rental Property Investor
  • North Palm Beach, FL
Replied Jun 10 2024, 12:49

@Arianna Farinas

Contact a real estate attorney with experience drafting seller financing mortgage agreements.

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Max Ferguson
Agent
  • Real Estate Agent
  • Colorado Springs, CO
97
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174
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Max Ferguson
Agent
  • Real Estate Agent
  • Colorado Springs, CO
Replied Jun 10 2024, 13:06

Congratulations!! Sounds like a solid deal and nice to do it with family. 

But as @Charles Carillo said, even with family an attorney is going to be the best for drafting something like this. It is very important to not miss something. 

Google RE centric lawyers, call the largest property management companies in the areas for lawyer rec's, or local investors or investment centric agents in the area to find a good one. Good luck and let us know what you figure out! 

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Arianna Farinas
  • miami fl
16
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16
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Arianna Farinas
  • miami fl
Replied Jun 10 2024, 13:07

Thank you Charles!

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Arianna Farinas
  • miami fl
16
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16
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Arianna Farinas
  • miami fl
Replied Jun 10 2024, 13:09
Quote from @Max Ferguson:

Congratulations!! Sounds like a solid deal and nice to do it with family. 

But as @Charles Carillo said, even with family an attorney is going to be the best for drafting something like this. It is very important to not miss something. 

Google RE centric lawyers, call the largest property management companies in the areas for lawyer rec's, or local investors or investment centric agents in the area to find a good one. Good luck and let us know what you figure out! 


 Yes agreed! need to make sure everything is layed out on the table. Thank you!

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Replied Jun 10 2024, 13:44

@Arianna Farinas What state?

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Arianna Farinas
  • miami fl
16
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16
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Arianna Farinas
  • miami fl
Replied Jun 10 2024, 14:02
Quote from @Lauren Sanford:

@Arianna Farinas What state?


 florida

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Replied Jun 10 2024, 14:25

I would reach out Erin Quinn or if you need other names we have a full Resource list in our Due diligence section of our Website.

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Drew Sygit
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Agent
#1 Out of State Investing Contributor
  • Property Manager
  • Royal Oak, MI
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Drew Sygit
Property Manager
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#1 Out of State Investing Contributor
  • Property Manager
  • Royal Oak, MI
Replied Jun 11 2024, 06:12

You could find an attorney or agent - recommend negotiating a flat fee with either of them as pretty standard docs.

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Arianna Farinas
  • miami fl
16
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16
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Arianna Farinas
  • miami fl
Replied Jun 11 2024, 07:33
Quote from @Drew Sygit:

You could find an attorney or agent - recommend negotiating a flat fee with either of them as pretty standard docs.


 great advice, thank you!