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Updated almost 8 years ago,
FSBO in Texas - how is this done?
I was READY to submit an offer on a MH last night (in Texas) with the intent of doing owner finance. It is not at a price where I will recoup cost with the "down payment" because of the market I'm looking to purchase in. However, at a 5 year hold, it would be a great ROI.
Putting all numbers aside, exit strategies, etc.. HOW is FSBO done in Texas? Any links, names, etc. would be appreciated. I read about this on a BP discussion dated 4 yrs ago (which had a lot of back and forth), but I am seeing investors currently discussing owner finance. I have read on a Texas law site (linked by fellow BP Pro) and it states not many attorneys will draw up contract.
I'm open to PM too.
Should I look to other states for my FSBO business model? any input is appreciated. I'm here to learn.