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Updated over 8 years ago,

User Stats

71
Posts
24
Votes
Christopher Haynes
  • Investor
  • Baltimore, MD
24
Votes |
71
Posts

Seting up an owner finance deal in baltimore

Christopher Haynes
  • Investor
  • Baltimore, MD
Posted

Hello Everyone

I was looking for some feedback/advice on a deal. I Have a homeowner who is interested in selling me their home in the west Baltimore/ Upton area. I got the lead thru a handwritten letter (yellow letter of sort) I presented the seller 2 offers (one owner financing one cash with wholesaling in mind) one 8k cash and one for 15k with terms with 5% down. I do this cause after speaking to some wholesalers in the Baltimore area they never offer terms. I Use terms as a way to build a rental portfolio without having to put much or even any money. Anyway im offering them 15k over 4 year with no interest paid . My question is how do I write a contract for this or should I just have a real estate attorney (instead of a tittle company) write up the documents and close the deal. Also does anyone know any good real estate lawyers in central Maryland that works with investors if so let me know.

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