We paid cash for the property as we bought it as is How did you finance this deal?

And everyone who views real estate as strictly a leverage game and not one to enter without it, understand finance is not only mathematical but behavior too.

Without knowing the specifics of (1) your personal situation and (2) the particular property market conditions for the property market your property is located in and (3) the condition of your house, etc. it’s impossible for anyone to provide meaningful advice concerning whether or not to entertain this offer.Many states have standard contracts and procedures which have all but eliminated the need for an attorney when the sale of real property is done utilizing the “usual” methods of financing and ownership transfer.  

Looked at home models How did you finance this deal?

I understand this is almost only used between an individual buyer and an individual seller who is seller financing the property, not banks.

Hi Austin,Is the concern regarding the corporate veil regarding obtaining financing or regarding taxes?

My name is Luc, and I'm a 25-year-old finance professional living in Chicago.

I recommend you go ahead and hire a PM.Otherwise, you'll need an application, a way to do background/credit checks, a lease, and a way to manage finances and repair requests.

I'm currently in the process of negotiating a seller finance deal, and I'm seeking some insights from the community regarding what would be considered a fair amount of commission for the real estate agent involved.The property is unique in that it involves seller financing, and I want to ensure that the agent is compensated fairly for their expertise and efforts.

Negotiations led to a groundbreaking deal with seller financing: 0% down, a 5-year balloon at 5%, and an additional $20,000 at 5% interest upon the liquidation of their business, providing a financial buffer during our transition.Equally crucial was engaging the managers who knew the ins and outs of the business.