Guide to Building a Seller Financed Business

[Chris C.]

I have been doing Lonnie Deals for a little over a year and have so far been quite successful. I want to take my business to the next level by establishing the documentation and processes that insure compliance with state/federal regulations and create notes that are marketable to note buyers. As I plan to move into land/home packages and SFR this becomes more important.

I would like this thread to detail how someone might go from where I am to offering financing like any other established financing company.

The only rule as we create this list is the reply to get a lawyer doesn't cut it. How can anyone evaluate whether an attorney is providing them what they need with out at least some base knowledge. On that note the information gathered should be used to select a good attorney to assist with developing the business.

How are you pros managing your seller financed business?
What, if any, 3rd parties are you using and how?
Any tips, pointers, etc.