Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
Owner financing in Alabama.
Calling all those lucky dogs that have ran down this road with a property!
Looking for advice on documents and past experiences on this creative financing.
Do's and Don't's and anything I should prepare for.
Thanks in advance.
Most Popular Reply
Brian Gibbons
#5 Guru, Book, & Course Reviews Contributor
#5 Guru, Book, & Course Reviews Contributor
- Investor
- Sherman Oaks, CA
- 3,920
- Votes |
- 6,088
- Posts
Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
#5 Guru, Book, & Course Reviews Contributor
- Investor
- Sherman Oaks, CA
A pure lease for one year and a pure option where option fee is not financed but a lump sum should be fine without Dodd Frank.
My problem with the CFPB is all about consumer protection. Many lawyers may look at the Dodd Frank (OO Owner Occupied) lawsand make a case against the Seller.
The only way to protect yourself is to underwrite the buyer with a RMLO. Then you have a safe harbor.