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Formerly bb80sc
Join Date: Aug 2001
Location: Hollywood Beach, CA
Posts: 4,361
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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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Cheers
-Brad
2015 Cayman GTS
2015 4Runner Limited
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