Owner finance

[Shawn Crawley]

Is it possible to wholesale a owner finance deal? If so how would I structure it?

[Brian Gibbons]

@Shawn

You may want to do it like I do lease-options then sell my interest 

 Step one, you enter into an owner financing contract between you and seller with  A sale purchase agreement that allows owner financing and that is assignable. 

 I would record at the county courthouse a memorandum of contract,  to protect my legal interest.

 Step two, you find a buyer that wants an owner finance house, being sure that you are disclosing to the buyer you were not selling as a principal owner but are selling your interest in a contract.

 Step three, I would have both seller and the owner financed buyer sign off on an agreement that allows you to accept a contract release fee; In lease option assignments,  this is a option release fee.

In a sandwich lease-option many times I will sell my interest with the tenant buyer to original seller and instead of a fee that is paid upfront by the seller. New docs are created between seller and tenant buyer. I will create a second note paid to me, to be paid once tenant buyer has financing. This avoids a double closing,  with one closing between the seller and the tenant buyer.