Posted by ray@lcorn on July 14, 2003 at 22:08:43:
Under the section that discusses how the purchase price to be paid, just do a little list of figures that shows how the deal is to go down.
Purchase Price $995,000
Earnest Money Deposit $1,000(?) (if any)
Seller Financing $282,000
Cash at Closing $712,000
You will also want to make the contract contingent on the financing (both loans).
And I’m curious what kind of numbers this has at almost $250,000 per unit? Will it have positive cash flow?