Hi All,
So if I wanted to buy from an Owner Occupant that agreed to sell to me with Owner Financing on terms with payments less than P&I with a balloon … that would NOT comply with the SAFE Act or Dodd-Frank reform?
If so, does anyone have any suggestions for structuring Seller Financing deals?
I’m trying to figure out how to buy on terms with payments that make sense in my market (Santa Clara County – where home values & mortgage prices are much higher than current rent rates). Fully amortizing notes will make the payments too high to cash flow unless the note is for really long terms…