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Updated almost 6 years ago on . Most recent reply

User Stats

47
Posts
24
Votes
James W.
  • Investor
  • Houston, TX
24
Votes |
47
Posts

Bridging the price gap with seller financing

James W.
  • Investor
  • Houston, TX
Posted

Howdy Folks,


I'm close to doing an FSBO deal where I seller finance to cover a 15% difference in the cash the buyer has on hand vs the minimum I'm willing to do on the property. Any suggestions on a Texas based lawyer to execute the sales contract and the promissory note? I'm fine doing the business draft of it, just figuring out what the penalties for non-payment and what is legal in Texas--I don't need a ton of experience, but would prefer someone who is not just fresh out of law school.

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