Owner Finance Deal

Fort Worth, Texas
Buying & Selling Real Estate
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Owner Finance Deal

Matt Handler
Denton, TX · Member since 2024 · 5 posts · 1 vote

Hey Community, I am in the process of conducting my first owner financed deal in Texas. I had a couple of questions about structuring the contract so it is beneficial for all parties and was wondering if there is someone with experience in that area. I am a real estate agent and can use TREC promulgated contracts, but our contracts don't really cover owner finance. Thanks in advance!

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Bill B.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
3mo

Use a loan processor like US Loan servicing out of Nevada. You want a pro writing up the contract based on your facts and handling/documenting the payments. 

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  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    3mo

    Use a loan processor like US Loan servicing out of Nevada. You want a pro writing up the contract based on your facts and handling/documenting the payments. 

    1Reply
  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 123 votes
    3mo
    Quote from @Matt Handler:

    Hey Community, I am in the process of conducting my first owner financed deal in Texas. I had a couple of questions about structuring the contract so it is beneficial for all parties and was wondering if there is someone with experience in that area. I am a real estate agent and can use TREC promulgated contracts, but our contracts don't really cover owner finance. Thanks in advance!

    @Matt Handler
    Congrats on getting your first owner-financed deal together. I'd make sure the agreement clearly outlines items like payment terms, balloon dates (if any), insurance, taxes, default provisions, and how title will transfer. It's also worth having a real estate attorney familiar with Texas owner-finance transactions review everything before closing since those deals can have additional legal considerations.

    786-656-0387
    DreamPoint Capital
    WebsiteView Page
    1Reply
  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    3mo
    Quote from @Matt Handler:

    Hey Community, I am in the process of conducting my first owner financed deal in Texas. I had a couple of questions about structuring the contract so it is beneficial for all parties and was wondering if there is someone with experience in that area. I am a real estate agent and can use TREC promulgated contracts, but our contracts don't really cover owner finance. Thanks in advance!


    Form Name:Seller Financing Addendum (Form ID: 26-8) 

    Effective Date:02/01/2023 

    Description: This Addendum is used when the Seller is financing all or a part of the purchase price.

    26-8 Redline 11.2022

    Private Mortgage Financing Partners, LLC
    WebsiteView Page
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  • Ronald RohdePro Member
    Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
    2mo

    You need a lawyer to draft them the first time. Most of our clients pay once, then supplement hourly on future deals.

    Note, DOT, Loan agreement, Personal guaranty, Assignment of rents

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