Dallas-Fort Worth Real Estate Investor Club

Good Afternoon investors, 

What is the best way to take payment for a Down Payment on an Owner Financed Home?

I assume a check would be the best route but will the bank have problems clearing the high purchase payment for the buyer?

Thanks in advance guys.

Guaranteed funds is what you want.  In addition to a cashier's check, a wire transfer from the buyer's bank account might be even better.  If the buyer doesn't have a bank account, they should open one just for this purpose.

Most banks charge a fee for wire transfer, we like wire transfer because most banks will put a hold on at least a portion of any large check even cashiers checks.