Carrying the note

[Justin Glass]

Hey guys I have a question. I am probably different than a lot of you in the fact that I deal in mainly land instead of houses. I do really well in this business and deal in the market of hunting and recreation land. My question is I have been carrying a few notes on some properties for investment income. To make it simple if I invest 100K on some property and sell it for 150k with 10% down at 8% interest for 20 years. This equates to drawing really good interest on my 100k. My question is as far the loan itself goes should I put in a balloon note at a certain year or should I stick with giving a fixed rate? I have some done both ways but am about to do some more and I just want to do them the right way. Thanks guys