This entry treats seller financing as a capital strategy, viewing the seller-held note as a financial asset to be created, held, or sold.
Log in to followSold a 1970s three bedroom in a secondary midwest market 18 months ago, 168k, buyer put 5% down, I carried 159.6k at 7.5%, 30 year amortization with a 5 year balloon. Payment 1,11…
I sold a small two bed one bath in a low price market last year for 62k. Buyer put 6k down, I carried 56k at 9% on a 20 year schedule. Payments have been perfect for 13 months, wh…
This was supposed to be the easy version. I had a small two bedroom I had fixed up, market value around 122k, and a buyer who could not get a mortgage because of a short work hist…
I have spent two years reading about lending and never actually put money out. What finally happened is that I sold my own duplex and carried the paper instead of taking cash, whi…