Listing the Benefits of Owner Financing to Seller. Please Help

[William Coet]

I'm trying to brush up on what the benefits of owner financing are for a seller so I can list them for him.  I plan to make an offer, but it will be for quite a bit less than asking price.  It's the only way the property will work with the improvements it needs. 

If seller holds the mortgage at 6% he can earn almost 400k more than asking price over a 30 year amortization period. (He may not want such a long payback period so I'm interested in hearing solutions to this issue as well). 

In addition to earning the interest on a loan secured by the real estate, what are some benefits for him in holding the mortgage?

Any ideas would be appreciated. 

Thank you

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Quote from @William Coet:

I'm trying to brush up on what the benefits of owner financing are for a seller so I can list them for him.  I plan to make an offer, but it will be for quite a bit less than asking price.  It's the only way the property will work with the improvements it needs. 

If seller holds the mortgage at 6% he can earn almost 400k more than asking price over a 30 year amortization period. (He may not want such a long payback period so I'm interested in hearing solutions to this issue as well). 

In addition to earning the interest on a loan secured by the real estate, what are some benefits for him in holding the mortgage?

Any ideas would be appreciated. 

Thank you

If it's a non owner ocupied property he defers capital gains. He doesn't have to pay a real estate agent. No inspecton. No concessions like selling in FHA or VA. Like you mentioned he gets an income stream. He doesn't have to make any repairs. He doesn't have random people walking through his house during opens. It's quick, it's easy and no hassles.