I've received an offer to buy a tract of East Texas land that I'm open to selling, but only if I owner finance it. I've never owner financed anything before, but the title company says that it's common and easy/safe.
Other than having an attorney draw up the paperwork, and getting >10% down up front, what else is suggested to minimize my risk?
Are there any pitfalls to watch out for?
Other than having an attorney draw up the paperwork, and getting >10% down up front, what else is suggested to minimize my risk?
Are there any pitfalls to watch out for?
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