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All Forum Posts by: Xueling Xu

Xueling Xu has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: seller financing in San Antonio, TX

Xueling XuPosted
  • Posts 1
  • Votes 0

Dear investors,

I just signed up BiggerPockets today. I was searching seller financing in San Antonio, TX. I am in real estate, buy and rent out since 2020. beginning level. I am planning to sell one townhouse. and want to do it seller financing in Nov. 2023.  I watched the forums had one post asking the same question but it was like 5 years ago.

currently, with the good credit like 740 above, the 30 yrs loan is 6.75%. I am thinking of asking 10% of interest. maybe no balloon payment?

 can be 25 or 30 years loan. with 10% down at least. I also thinking the buyer should have minimum credit score above 580.

Can SA investors give me some steps, and paper works,  escrow accounts, etc. recommendations? I did talk to some real estate attorney and their price for seller would from $650-1000. is it reasonable price?

any advice, suggestions...

Appreciated your help and advice!

Xueling Xu

0 Votes
San Antonio, Texas