Posted by Micahel Morrongiello on April 09, 2000 at 20:00:53:
I am glad your wheels are a turning. Welcome to wonderful world of owner financing. Learning how to combine real estate investing with financing can turn your world magically.
Note funders (my firm included) typically like to see some cash being put down by the prospective buyer. This can be as little as 5% cash down and in some cases if my exposure into the property is conservative enough and the buyer strong enought we can look at a very little down or no money down type deal. However we are usually looking at a note that would be funded at NO more than 60% -65% of value and this is under the best of circumstances.
As the note seasons or ages with payments these exposure levels can be increased however.
To your success,