Back-side Payment
Has anyone structured a deal on a rehab where the seller is willing to do a very small down, carry the loan interest free for an extended period of time and wants to do a back end split on the profits?
My initial thoughts would be to state by this date in the future like 2 years from now, or when the property is sold the property will be appraised. Any value over $500,000 will be split 30% to the Seller/70% to the Buyer or something along that line.
I mainly curious how often something like this might be used.
This has been done a lot in Utah. At times it actually works out for both parties....
[addsig]