u/Much_Essay_9151

Hello, I am looking to sell a property to the tenants and have a question or if anyone has heard of this scenario. If a tenant wants to buy a house and take out a mortgage but lets say they don’t have the down payment money.

To keep things simple lets say we agree to sell house for $150k and need to put 3% down. Has anyone ever covered the down payment money ($4500 in this case) and increase the sales price to $154.5k? So they would take out the mortgage for $4.5k more.

Does that make sense? Or does anyone see any issues with that?

Edit: I guess a promissory note could be written up for basically a short term single pay loan. Basically just write up an agreement to pay it back in 3 months for example.

Thanks

So….with all the talk of the Prismatic SPCs getting another drop at costco, has that ship already passed? Have we seen that come to fruition with just the little restock some canadian costcos got? Or has anyone heard of more dropping in the future? Im wondering if now is the time to pick more up.