Posted by Terry(IN) on October 21, 2003 at 11:15:22:
How much down payment money do they have and do you have any idea what their credit score might be?
Help with Owner Financing my House - Posted by Mel
Posted by Mel on July 20, 2003 at 22:27:40:
Hi Guys,
I currently live in Maryland and I have a House in Columbus,Ohio. I have a tenant in it who is a very good one, but I want to sell because I urgently need some money. I am considering owner financing and then sell the note for a discount.
My question is, I want to get at least $148,800 from the sales (Net), so how do I structure the note so that I can have this amount?
Thanks,
Mel
Re: Help with Owner Financing my House - Posted by Howard
Posted by Howard on July 24, 2003 at 10:53:58:
Need to make sure the market value of the house covers the note plus 148K you want to keep plus discount and any expenses you will incur until you sell the note. Return on the note needs to be high enough to entice someone to buy it from you, relative to safer investments. Also, the tenant should be solid as the payments to payoff the note come from the tenant I assume.
Find some one who does notes and edit their template to meet your needs.