Land sale - seller finance or lease-option?

[Paul B.]

Hi BP,

Looking for some advice here. I have a buyer for two lots, but they are short on cash. We were considering seller-financing or lease-optioning. There are pros and cons to each of these, including all the tax implications. This property was purchased several years ago as part of a 1031 exchange. So I am interested in your thoughts on which of these two paths to take, or some other path entirely I have not thought of! Thanks,