Owner Finance - Pros and Cons of Owner Financing As Seller

Описание

REIClub.com - Selling Property With Owner Financing? Here’s Some Owner Finance Benefits and Risks for Real Estate Investors... Owner Financing PROS - Terms of deal are flexible and negotiable - Higher sales price - Tax breaks - Monthly income - Favorable Returns - Shorter listing term - Attract a larger number of interested buyers - gives buyer time to repair credit to get conventional loan - Eliminate repair costs - Substantial savings in closing costs - Sell the contract and cash out - note buying Owner Finance CONS - Have to be familiar with current loan terms - Buyer may still default on loan at end of term - Property may need repairs if buyer defaults or back-outs - No full equity payment upfront - Headaches of being a lender - Verifications - Possible foreclosure - Evictions