Seller financing, also called owner financing, is when the property owner acts as the lender: instead of the buyer borrowing from a bank, they make payments directly to the seller over time under agreed terms.
Log in to followRead something that said if you originate more than a couple of owner-financed loans you become a mortgage lender and need to be licensed, and that there are rules about balloon p…
I own a small rental free and clear, inherited it, and I'd honestly rather have a monthly check than a pile of cash I have to figure out what to do with. Two people have asked abo…
Selling a renovated fourplex I own free and clear. Buyer is a contractor, decent operator, thin on liquid cash. Terms we're circling: $425k price, $85k down, $340k note at 7.5%, 3…
I've got a mixed-use building I'd sell tomorrow if the buyer could get a loan. He can't, he's self-employed two years and every bank wants three. He asked about owner financing an…
Trying to figure out the actual line items on the seller side. My understanding is I hand over a deed, get a note back, and then money shows up monthly. That can't be free. So: wh…
I'm winding down a small service business and I also own the building it runs out of. My accountant used the phrase installment sale when I mentioned carrying paper for the buyer,…
I own 11 acres outright, no mortgage on it. A buyer offered close to asking but said he can't get a bank to touch raw land, and asked if I'd take payments over 8 years instead. I…
I've been reading in this room and in the capital section, and the phrase that keeps coming up is that seller financing is taking off because rates are high. Makes sense on paper.…
I'm looking at selling the shop building my crew works out of and leasing something cheaper across town. Free and clear, no mortgage. The buyer who's most interested runs a simila…