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Updated about 6 years ago on . Most recent reply

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Allen Hodges
  • Beaumont, TX
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Is selling a property via seller financing to a trust a bad idea?

Allen Hodges
  • Beaumont, TX
Posted

Hi - I am a newbie here on BiggerPockets and would appreciate your advice.  I inherited a house in Texas that I am interested in selling.  The house has a cracked slab and will not qualify for conventional financing.  While I would like to sell the house for cash, I am also pursuing seller financing options.  I have been approached by a trust that is interested in buying the property on an installment sale.  Are there any red flags that I should watch out for in selling a property via seller financing to a trust as opposed to an individual?  I would appreciate any advice that you could share.  Thanks.  

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