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Good Morning Biggerpockets,I am about to seller finance my first land deal but I do not think I have a good seller finance contract. Can someone who does selling financing for land sale provide me a sample form they u...
Could someone explain owner financing? My understanding is that you find a great deal, use private or hard money to fund the deal. Market for residents that can't go to the bank so they come to you, they put down a n...
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This seems like a silly question, but if I work out an owner finance deal, from an individual, does that loan show up on a credit report? and if so, how?Ben
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Hi BP Pro Community, I'm interested in a property that has advertised seller financing. However, the seller is requiring 42% down, which is the pay-off the existing mortgage. I understand the seller doesn't want to tr...
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I am looking at purchasing my first buy and hold rental property in Oklahoma City. I have talked to a couple of mortgage specialists in attempt to determine potential closing costs to backtrack into the purchase price...
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Title may be a bit misleading but I have a simple question regarding loans and foreclosures. Is it considered a bad move to obtain a personal loan in order to purchase a foreclosure? I only ask because it seems to eas...
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I have a friend who is willing to owner finance me on a two family he doesn't want anymore until I can refinance it myself and pay him off. We haven't worked out the sale price yet but I'm sure I will get it 10-20% be...
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I have another Multi Family 6 unit in an LLC (looking to buy) also has a private loan for a little more than half. May be willing to finance the entire thing. If not though is it easier to get a loan in the llc since ...
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Hello group, I have two houses that I purchased outright for rental property. The houses are both rented and have a two year lease. I am thinking about selling them, with owner financing. Would like to work with a...
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what is seller financing all about and what are the advantages and disadvantages of this type of financing?