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Updated 6 months ago,
Creative financing option
We have an 8 bed 6 bath home in Houston that we renovated. We were approached with a creative financing offer and it sounds really shady. We are open to it being rented out or bought for an assisted living space. We just can not track down this investor and think they will leave us with a bankruptcy. We do not want to be a lender or have our name taken off the title unless they can pay the “due on sale” mortgage.
I don’t want to be convinced that the quick money will be better than waiting it out for an offer that makes more sense. We are new to creative financing, so any tips or advice or even pointing us to the right professionals would be great.