Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Louisiana Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

4
Posts
0
Votes
DaJuan Thigpen
  • Baton Rouge, LA
0
Votes |
4
Posts

Owner Finance Scenario

DaJuan Thigpen
  • Baton Rouge, LA
Posted

I recently realized the amount of interest that I am paying the bank based on the mortgage on my home is ridiculously high.  I realized how much money I could save if I had an investor pay off my mortgage, and I would pay the investor a monthly principle and interest payment that will benefit the both of us and or[. Yet, I would still like to remain the owner of the home as I continue to make these payments to the investor.  Also, I want the equity spread from the amount that will be financed through the investor. Basically, I want the investor to serve as the bank and offer the same format the bank offers, in terms of documentation of payments, legal paperwork,equity, ability to sell home later on, and etc. How do I legitimately put this plan into action, where do I begin? 

Loading replies...