Guidance for selling with owner finance (dfw - Arlington, TX)
I've got a property under contract that I'd like to fix up a bit and then sell with owner finance. It's in 76014 (Arlington, TX)
I'm wondering if someone who has done owner finance deals in the area can give me some guidance on what the steps are.
Some questions I have:
1. Should I list this on the MLS? With an agent? Or is there a different place that ppl who want to buy with owner finance check more( like renttoownlabs.com)?
2. Is there in general a lot of interest in owner finance in the area? Do owner financed houses go for more or less than conventionally financed houses?
3. What level of rehab do I need? The same as a regular flip? Or should I be trying to keep rehab down so I can sell for less, to more appeal to those that would be interested in an owner finance?
4. Also the plan for this is a wraparound mortgage. (I will be getting a delayed finance loan after the close, before I sell.) Does anyone have an attorney and/or title company they recommend for this?
Thanks in advance!