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Updated almost 6 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Austin, Texas
  • Member since Feb 10, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Austin, Texas
  • Member since Feb 10, 2017
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Account Closed
  • Austin, TX
59
Votes |
79
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Texas Real Estate Q&A Discussion Forum

Owner finance as seller

Account Closed
  • Austin, TX
Posted

Anyone have experience selling (not buying) via owner finance? If so and you have time to chat I'm happy to return the favor in whatever way I can. Thanks

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Collin Corrington's profile image
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Collin Corrington
  • Investor
  • from San Antonio, TX
  • Member since Jun 25, 2016
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Collin Corrington's profile image
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Collin Corrington
  • Investor
  • from San Antonio, TX
  • Member since Jun 25, 2016
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Collin Corrington
  • Investor
  • San Antonio, TX
126
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Collin Corrington
  • Investor
  • San Antonio, TX
Replied

It's just a loan using the note as collateral.  We typically borrow 75% at 10 years for 6%.  

My recommendation to find a bank is trying one that if you walk in and ask to speak to the president and you can. Smaller institutions. City Bank of Smalltown. Similar to the BRRRR process yes.

  • Collin Corrington
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