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re: Profit or Pitfalls of Seller Financed Home Sale
Posted on 12/5/17 at 7:41 am to ynlvr
Posted on 12/5/17 at 7:41 am to ynlvr
The 5 to 10 amortization is what's throwing me off. Either they have absolutely no idea what they are talking about, they are a scammer, or they are some type of real estate investor that can only get another loan through seller financing but in that case it makes no sense for them to pay full value.
So I'm guessing once you meet these people or find out more information, you'll find it makes no sense to do this.
So I'm guessing once you meet these people or find out more information, you'll find it makes no sense to do this.
1
Posted on 12/6/17 at 9:39 pm to baldona
quote:
The 5 to 10 amortization is what's throwing me off.
many private lenders do 10 year amortization. private people do not sit back and give you a 30 year term normally.
This post was edited on 12/6/17 at 9:45 pm
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