Creative Real Estate Investing Seller Financing Avoid Balloon Payments Negotiation

Creative Real Estate Investing Seller Financing Avoid Balloon Payments Negotiation

http://www.localmentor.com Local Mentor Michael Jake. here’s a deal I’m working right now. I made the seller 4 offers, 3 of which were seller financed and 1 all cash offer. He chose the 0 down, 900 per month offer till paid (from an email letter of intent) and then when I wrote up an official offer, he stated he wanted a 5 year balloon, or he wanted the remaining ,000 balance due in full if I hadn’t resold it by then. I don’t like balloon’s and I didn’t want to back myself into a wall, so here’s how I avoided having a balloon payment. Enjoy the video, Post Comments or Questions below and for more, check out http://www.localmentor.com
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