Updated about 13 years ago on . Most recent reply
Advice structuring a subject to exact wrap, seller financing
Hello,
I have a deal in place and I am looking for advice on the contract and what documents I need in South Carolina. This will be my first deal and I appreciate the help. I have a seller who doesn't have a lot of equity in the property. I want to structure a subject to where an exact wrap is created and seller financing is in place for 5 years. At the end of the 5 years the buyer can seek traditional financing, buy outright, or renegotiate with the seller. A title company will service the payments and send statements. If I can get some advice on the documents I need and if anyone has some thoughts I would appreciate them.
I have heard this strategy from Sean Terry for homes that do not have a lot of equity but the seller is motivated.
Regards,
Blake[b]