Seller financing, also called owner financing, is when the property owner acts as the lender: instead of the buyer borrowing from a bank, they make payments directly to the seller over time under agreed terms.
Log in to followI'm building a list of small houses to rehab and I expect at least a few of them to sell with me carrying the paper, because plenty of my likely buyers won't clear a bank right no…
I've got a small three bedroom in a working class part of town, owned free and clear, and a buyer who can put 12% down but can't get a bank to look at him. He's self employed, two…
I'm getting close to selling a small brick fourplex I've owned since 2014, no debt on it, and I have two live conversations. Both want me to carry. I've spent the last three weeks…
I'm walking through the math on selling one of my smaller buildings on my own paper in a year or two, and the down payment is the piece I can't settle. Argument for wanting a big…
I've got two live offers on a 40 acre parcel I've held about nine years, no debt on it, listed at 265k. Buyer A puts 20% down, 8.25%, amortized on 25 with a 7 year balloon, and hi…
I've got two parcels I'll probably sell in the next couple of years, both held free and clear, and I've been reading sample notes to figure out what I'd actually want in one. The…
I was reading through a note form a friend used on a carry-back and the prepayment section was one line: borrower may prepay in whole or in part at any time without penalty. Which…
I'm about to carry paper for the first time on a small parcel, 68k price, 14k down, so a 54k note at 8% over 15 years with a balloon at year five. Everything I've read is about wr…