sell and "paper out"

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Posted by Dave D CO. on May 02, 2008 at 18:10:21:
Michael or John,
I have a rehabbed home ready to put on the market with owner financing in my SDIRA. The sales price is $82,500, the flooring contractor has made an offer $80,000 with $10,000 at closing and $10,000 additional down within 60 days, the balance to be paid at 7.75% amortized over thirty and due in 4 years. The buyers income is via self employment as a flooring contractor, his references are from people I have done business with, credit is not good at this time however, he does own three other rental properties. Please comment on how to make the note saleable in this market as I have other properties in various stages of rehab and would like to sell all with owner terms.
Thank You
DaveDCO

Follow Ups:

Re: sell and "paper out" Michael Morrongiello 19:17:32 05/02/08 (8)

Re: sell and "paper out" Michael Abel 15:16:42 05/03/08 (3)

Re: sell and "paper out" Michael Michael Morrongiello 20:12:38 05/03/08 (2)

Re: sell and "paper out" Michael Abel 07:57:48 05/04/08 (1)

Versus... Michael Morrongiello 15:32:14 05/05/08 (0)

Re: sell and "paper out" Dave D CO. 20:17:42 05/02/08 (3)

Re: sell and "paper out" Michael Morrongiello 13:33:30 05/03/08 (1)

Re: sell and "paper out" Dave D CO. 17:08:14 05/03/08 (0)

Re: sell and "paper out" jimmy farag 21:38:12 05/02/08 (0)

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