Hi Tim,
I come to this site for the first time at the recommendation of John$Cash$Locke. I’m in the DFW area and do a little rehabbing and flipping, but have questions specific to owner carry legalities in Texas that I thought you might be able to help with.
My interest lies in selling a couple of properties I have and wrapping some sort of device to carry it myself. I’m speaking of my primary residence and one of my rentals. I’ve been through courses that speak of selling using an AITD, CFD, Land Contract, Wrap-around mortgage, etc., but I’ve never done it and I don’t know which instrument is legal/best to use in Texas. I expect my pursuit of a Real Estate Attorney will help, but I wanted to jump the gun a bit. I have existing mortages on both properties and am familiar with the DOS implications. That being said, I want to sell for max profit and avoid the whole appraisal game. I’d be interested in carrying back for 2-3 years and don’t think I’d have a hard time finding buyers. Can you help?