Minnesota Investors: Deed of Trust or Contract for deed?

[Justin Hennig]

Question to Minnesota Investors familiar with Seller financing: I'm looking to work with a couple sellers who own property free and clear and are willing to do selling financing. What type of transaction(s) did you do (CD vs D of T), how was it structured, did you hire an attorney to write or vet your contract and BONUS: are you willing to share the basic contracts/documents (what I'm really in need of). I always thought "contract for deed" was the customary seller-financing structure, but was advised by the BP community that a deed of trust combined with a note is more prudent. To further confuse me, The purchase and sale contract endorsed by the MN realtors association lists contract for deed in the financing section, but does not mention deed of trust. Bottom line, I'm confused about what should be used and need some help. Would greatly appreciate any help you can offer. Thanks! Justin