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User Stats

16
Posts
16
Votes
Arianna Farinas
  • miami fl
16
Votes |
16
Posts

Not sure who to contact

Arianna Farinas
  • miami fl
Posted

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!

User Stats

2,768
Posts
1,882
Votes
Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
1,882
Votes |
2,768
Posts
Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
Replied

@Arianna Farinas

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

User Stats

205
Posts
110
Votes
Max Ferguson
Agent
  • Realtor
  • Colorado Springs, CO
110
Votes |
205
Posts
Max Ferguson
Agent
  • Realtor
  • Colorado Springs, CO
Replied

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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User Stats

16
Posts
16
Votes
Arianna Farinas
  • miami fl
16
Votes |
16
Posts
Arianna Farinas
  • miami fl
Replied

Thank you Charles!

User Stats

16
Posts
16
Votes
Arianna Farinas
  • miami fl
16
Votes |
16
Posts
Arianna Farinas
  • miami fl
Replied
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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30
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10
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Replied

@Arianna Farinas What state?

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16
Posts
16
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Arianna Farinas
  • miami fl
16
Votes |
16
Posts
Arianna Farinas
  • miami fl
Replied
Quote from @Lauren Sanford:

@Arianna Farinas What state?


 florida

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30
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10
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Replied

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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4,383
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Drew Sygit
Property Manager
Agent
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
4,383
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7,813
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Drew Sygit
Property Manager
Agent
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
Replied

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

User Stats

16
Posts
16
Votes
Arianna Farinas
  • miami fl
16
Votes |
16
Posts
Arianna Farinas
  • miami fl
Replied
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!