Free & Clear Homes

[James Hamling]

Any advice from those in the know, as to the paperwork to use when sealing the deal on an owner financed purchase on a free& clear property?

Simplicity rules the day, the idea is to have it pro buyer, legally iron clad, escape options, and non threatening simple language that can be done at the kitchen table, notarized at the bank, and make for a cheap as ez as possible closing/ filing.

I am new on this home front of free & clear homes, which just scream "seller financing me!". As a "flipper" cash flow is never enough, so to expand the rental portfolio while not impeding the flip cash is to good to pass by. Not to mention I am quite literally having these dumped in my lap lately.

Searching for the "innovative" solutions.
Hiring attorneys to draft papers is not innovative. And as I learned when originating "redemptions" in my area, too often the attorneys don't think creative enough to create opportunity.