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5
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1
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Erica Patterson
  • Charlotte, NC
1
Votes |
5
Posts

Structuring a land purchase with owner financing

Erica Patterson
  • Charlotte, NC
Posted May 28 2024, 02:32

I am searching for a piece of land on the outskirts of Charlotte.  Are there any templates you know of or any advice you can give on structuring the deal and what to include in the contract?

User Stats

466
Posts
277
Votes
Wyatt Wolff
Pro Member
  • Lender
  • Charlotte, NC
277
Votes |
466
Posts
Wyatt Wolff
Pro Member
  • Lender
  • Charlotte, NC
Replied May 28 2024, 08:49

I would maybe post this in the realtors forum? Or reach out to a few who are local, they would know! 

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User Stats

100
Posts
91
Votes
Evans Wright
Agent
Pro Member
  • Rental Property Investor
  • Charlotte, NC
91
Votes |
100
Posts
Evans Wright
Agent
Pro Member
  • Rental Property Investor
  • Charlotte, NC
Replied May 28 2024, 11:27

Hey Erica!

I have done what you are wanting to do for myself and clients. You will need an offer to purchase contract, promissory note, and deed of trust if you are looking to do an owner financed lot. I would connect with a closing attorney like Sperry & Hatley or 24 Hour Closing. They will have templates for this stuff and complete the promissory note and DoT for you if you use them to close on land.

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