Posted by Randy on July 21, 2003 at 14:10:24:
The answer to your question depends on several factors. The buyer?s credit, the yield of the note (interest rate charged and discount), the value of the security underlying the note just to name a few. Generally if your buyer has good credit and the property appraised for $158k that note would net you $148k cash at closing. Email me directly if you want more info.
Help with Owner Financing my House - Posted by Mel
Posted by Mel on July 20, 2003 at 22:26:19:
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