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Vipergrün Vipergrün is offline
Formerly bb80sc
 
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Join Date: Aug 2001
Location: Hollywood Beach, CA
Posts: 4,361
Would you carry a note when selling your house?

Got an interesting situation. Selling the house and have a buyer offering full ask, 70% LTV as a first mortgage, which he'd finance and wants me to carry the remaining 30% for 2 years at 6% and a balloon payment.

Having all the cash now would be nice, but making a little extra would be nice as well.

I'd have an iron clad contract entered into escrow.

Would you do this?

Thanks for your thoughts!
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-Brad
2015 Cayman GTS
2015 4Runner Limited
Old 03-12-2018, 10:45 PM
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