Posted by Sue on September 29, 2002 at 09:48:10:
In Reply to: Re: Owner Finance and selling the Note posted by Jerrold in Dallas on September 11, 2002 at 00:47:51:
I too am just getting into Real Estate Investing. I'm in the middle of a contract negotiation for Land Contract. Here's my suggestion for you.
If you don't need to cash out immediately, consider a Land Contract where you can negotiate the higher purchase price in exchange for monthly payments upon negotiated terms (i.e. 8 years at 6% APR). This can be a way to adjust your profit to recover the heavy rehab cost.
Good luck!