Owner Financing Help
Hello!
I recently found myself in a situation where owner financing is an option for me to get into my next deal. I am working with the owner now on a set of terms that works for the both of us. I am now frantically searching on the internet to learn what all is needed paperwork wise to structure an owner financing deal in Tennessee. I have read some online resources that say that it may be very hard to do in Tennessee so I now have come to the place with the best people to see if anyone has any advice for me to figure this out.
Thank you guys!
@Elijah Jay Dangerfield A quick google search shows that land contracts are valid in TN. To be sure consult a real estate attorney in the area.
#2 All Forums Contributor
- Investor
- Austin, TX
I have not done any of these in TN, what I would do is call a title company and ask what kind of paperwork is needed to make a owner finance transaction happen
@Elijah Jay Dangerfield
Do not do a land contract. Treat it like a traditional deal with a note and deed of trust/mortgage. Find a local title company and they can handle the paperwork
