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All Forum Posts by: Matthew Robledo

Matthew Robledo has started 1 posts and replied 4 times.

Mortgage Brokers & Lenders

Post: Owner finance need to figure out contract.

Matthew Robledo
Pro Member
Posted
  • Investor
  • Denver, CO
  • Posts 4
  • Votes 0
Quote from @Matthew Robledo:
Quote from @Tim Herman:

@Matthew Robledo Agree to terms and take it to a title company. They will do the promissory note and mortgage. I don't know why you want to tie up that much money on a owner carry, unless he is financing at 0%. 20-25% down on a regular mortgage. Additional benefits include an appraisal.

Thank you @Tim Herman  for advice!! 

0 Votes
Kansas City, Missouri
Mortgage Brokers & Lenders

Post: Owner finance need to figure out contract.

Matthew Robledo
Pro Member
Posted
  • Investor
  • Denver, CO
  • Posts 4
  • Votes 0
Quote from @Tim Herman:

@Matthew Robledo Agree to terms and take it to a title company. They will do the promissory note and mortgage. I don't know why you want to tie up that much money on a owner carry, unless he is financing at 0%. 20-25% down on a regular mortgage. Additional benefits include an appraisal.


0 Votes
Kansas City, Missouri
Mortgage Brokers & Lenders

Post: Owner finance need to figure out contract.

Matthew Robledo
Pro Member
Posted
  • Investor
  • Denver, CO
  • Posts 4
  • Votes 0
Quote from @Tim Herman:

@Matthew Robledo Agree to terms and take it to a title company. They will do the promissory note and mortgage. I don't know why you want to tie up that much money on a owner carry, unless he is financing at 0%. 20-25% down on a regular mortgage. Additional benefits include an appraisal.


0 Votes
Kansas City, Missouri
Mortgage Brokers & Lenders

Post: Owner finance need to figure out contract.

Matthew Robledo
Pro Member
Posted
  • Investor
  • Denver, CO
  • Posts 4
  • Votes 0

First time on BiggerPockets & first post. 
i’m working on a deal the homeowner wants 100,000 for the home asking for 50-60k down homeowner will finance the rest any recommendations on how to write up a contract for this? 
  

Do we involve a lawyer a banker don’t know where to start. 

Thanks for the help and any information someone can give me ! 

Matt 


0 Votes
Kansas City, Missouri