Seller financing for beginners

[Jeremy Porter]

I have a handful a single family houses I am planning on owner financing. Is there a license needed to owner finance a house or a system you need to implement? I know when I get a loan they give me all these disclosures and forms to review. Is there a limit on how many I can owner finance without having a license? 

- own them outright

- plan to owner finance at 10% down 10% interest 

I use a title company and attorney for closing along with servicing company once done. 

I don’t want to run into an issue where I get to many of them and not following rules.

* I am only owner financing properties I own outright 

[Don Konipol]

Quote from @Jeremy Porter:

I have a handful a single family houses I am planning on owner financing. Is there a license needed to owner finance a house or a system you need to implement? I know when I get a loan they give me all these disclosures and forms to review. Is there a limit on how many I can owner finance without having a license? 

- own them outright

- plan to owner finance at 10% down 10% interest 

I use a title company and attorney for closing along with servicing company once done. 

I don’t want to run into an issue where I get to many of them and not following rules.

* I am only owner financing properties I own outright 

If you have low interest loans on some properties you may be better off selling those with wrap around financing at twice the interest rate being paid and earning the “differential”.