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Updated over 3 years ago,
Partnering on holding a owner-financed note?
Hi,
My buddy and I have a piece of vacant land for sale and have had a few inquiries. Most of the potential buyers say they would prefer doing owner-financing vs cash, but we'd much prefer to do cash only. Any advice on teams that would partner with people like us where we could get "bought out" for the cash price and the partner would hold the note and keep all the payments? It would make the buyers happy and everyone would make some money.
Its 40 acres in Terlingua Ranch (near big bend national park in TX) and we're asking $75k but it may sell somewhere between 50-70k.
Thanks for y'alls advice.