Selling a portion of my 3 acres
I have a bank loan and own 3 acres which is my principal residence and a couple of out buildings.
I wish to sell using owner financing (I'm thinking Wrap around mortgage) half of my property to a family member. Question: Do I need to subdivide and get a new property line showing that there are 2 - 1.5 acre lots in order to sell? Or can I sell using seller finance to my family member without subdividing?