I have not done any seller financing since Dodd Frank and I am wondering what I need to be aware of…or even if I can still do this?
Free & Clear House. (No Due On Sale Clause)
My Private lender will loan me 60% for a 1st Position Only.
Seller willing to subordinate and carryback the balance up to 5 years (would require a balloon to make the payments reasonable).
I would find/sell to a tenant/buyer.
Is this possible under DF?
There is so much scattered info out there…I am just not clear?
What do I need to do to comply?
What are the pitfalls?