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 followWriting this out because everyone told me owner financing was the easy way to sell and I believed them. Background for anyone new like I was. Seller financing means I sold the hou…
A delinquent tax notice landed in my mailbox in March. The county still had me as the mailing address from when I owned the place, so a bill for a house I sold two years ago came…
I set the interest rate on a note I carried by feel and it cost me somewhere around 17,000 when I needed the money back. The deal. Small 2 bed 1 bath rental, about 780 square feet…
I manage other people's rentals for a living and I sold one of my own on my paper this spring. Nine years of owning a plain 2 bed 1 bath, about 900 square feet, three blocks from…
Closed three weeks ago on 34 acres of raw land I'd sat on for nine years, no debt against it, taxes about 1,400 a year. Price 168k, buyer put 25% down (42k), I carry 126k at 8.5%,…
I'd rather be on the lending side than the owning side, and this was how I got there without buying anybody else's note. I sold the one rental I owned and kept the loan. The prope…
Sold a small two bedroom house I'd owned outright. 62,000 note, 8%, twenty year amortization with a ten year balloon, payment worked out to about 519 and we rounded it to 520. Att…
I split 61 acres into five lots after plat approval, put in a gravel access drive and one culvert, and sold three of them on my own paper over about fourteen months. 78k, 84k and…
Two rentals sold as a package, both small, both tired but functional. 465k. Buyer put 10% down, 46,500. I carried 418,500 interest only at 7.25%, 2,528 a month, balloon at month 2…