Got this Pure option and an accepted offer. Deal is Seller has agreed to an owner carry. Asking 75k offer was for 80k. 20k down of which i get 5 seller gets the 15 and will carry the balance of 60k. Got through this part and now what happens?
Buyer wants to keep pyments @ 500 per month not including insurance and taxes. Also, plans to put more towards balance as he gets more money.Hw would this effect the amortization schedule? I am not sure where to take tis now and need to learn as seller is counting on me to get tis to the finish line....
Learning and burning