Posted by Chris WFL on April 30, 2007 at 09:46:47:
Post your question over on the cash flow section and They will give you some answers. Read through Michael Morrongiello’s articles I believe I remember him writing exactly how to do this.
Good luck
Chris
Ok, I bought it. Now Owner Financing Selling help - Posted by batpro
Posted by batpro on April 29, 2007 at 22:33:40:
Ok
I just got a purchase agreement today on a house that is halfway remodeled. The current county tax assessed value is $79,000.
My purchase agreement is for $30,000
I am thinking of selling it owner financing as is.
I think I could get $0,000 conservative estimate as is or $60,000 ith about $3,000 in futher updating costs. And with completely finishing the remodeling probably $75,000-$80,000.
Closing is in 30 days.
My question is:
How do I best structure the mortgage in order to sell it at closing to a note buyer for the highest percent paid by note buyers. What terms do they like best?
Can I do the mortgage myself or do I need to hire an attorney or ? Any experts here that can help me with this?