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Updated almost 4 years ago on . Most recent reply

Christian Hutchinson's profile image
Christian Hutchinson's profile image
Christian Hutchinson
  • Investor
  • from Detroit, Michigan
  • Member since Apr 14, 2014
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Christian Hutchinson's profile image
Christian Hutchinson's profile image
Christian Hutchinson
  • Investor
  • from Detroit, Michigan
  • Member since Apr 14, 2014
Connect
Christian Hutchinson
  • Investor
  • Detroit, MI
354
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360
Posts
Michigan Real Estate Q&A Discussion Forum

Land contract balance

Christian Hutchinson
  • Investor
  • Detroit, MI
Posted

I purchased an investment property on LC/Owner Financing.  I have secured long-term financing.  How is it determined what the payout is? I pay the seller monthly.  Do we just use an amortization schedule?

Or is this a chance to negotiate an exit price (wishful thinking).

Reading the LC it looks like a standard loan agreement with interest.

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