Can I have multiple leans on a property? Texas

[Kate Lastrapes]

Is it kosher to both owner finance AND private finance a home? I have an home that's selling for 200k. The ARV is very promising at 350k The owner is willing to finance 50k. There is a previous owner financing for 100k. We're trying to get the remaining 50k and Reno costs from a private lender for 90k. Is there a limit to the number of liens you can have on a property in Texas? How should I structure this deal? This is awfully confusing for my first deal but I'm willing to learn how to make it work. Thanks ya'll, Kate