Seller Financing then sell the note

[Mike Doran]

I'm selling a property we just remodeled, and my brothers sister in law seems interested in purchasing. They are not sure if she will qualify for a conventional loan. I am curious as to if I would be able to finance it for her, then just sell the note on Loan MLS or something similar. Do any of you have any experience on this? is there a certain amount of time the note should mature before it is sold? I am just trying to look at all of the outs before I get in. Property is free and clear, this would be a first place lien.

Thanks for any input

[Brian Gibbons]

Mike Doran 

 look into land contracts in Ohio,

Ohio has a wonderful law for sellers on land contract that you do not have to go through and eviction to get a person that's in the property if they default on paying you if 

-they have less than 20% cash in the deal and 

-if they've been in the property less than 5 yrs.

 You could sell the land contract for a discount in the marketplace if you had seasoning of six months to 12 months and there's a down payment of 10% or more 

 There maybe Dodd frank issues as far as "owner occupant seller financing"

@Mike Doran