This also is a craigslist testimony… I posted my second REI investment (first is the house I live in) on craigslist and got about 7 responses from this one post, one of them committed to buy. She’s flying in to sign the contract in a few days and we plan to close in about 30 days. I offered owner financing for 2-5 years on 6% with 5% down payment. Could you give me some pointers on how to write up the contract and any other comments in general? I also don’t have total clarity as far as closing. Right now I’m leaning towards hiring a legal office to do all that but if it’s simple enough process I’d like to learn to do as much as I can. Is there a source of standard contracts somewhere on the web? This is a cheap house in questionable neighborhood for $48k. Thanks for your input. Greg.
:cool go to your local title company and they will do it for you go to a real estate lawyer OR you could set up or have it set up as a simultaneous close and be payed off and done in no time ( if this is what you want i will help with ) !!! :beer