I have a seller who is interested in selling a building for 50k owner finance with 10k down straight payments of roughly $775 per month is not charging any interest on the payments. Here is where I come in the person’s that are trying to buy the building don’t have the 10k they would like for me to put the 10k up and give me a share of the business. The building is worth apprx. 150k, I am trying to figure the best way to structure the deal so that I get my money back with interest and part ownership of the business. Your thoughts please :biggrin
talk to a real estate attorney. If you’re putting up 10K, I think you want someone who knows how to structure it the right way so you help minimize your risk.