Owner Financing Process and Rates

[Jim Goebel]

We are new to owner financing but own a property under a self directed IRA and are considering all options. One that we have been discussing is owner financing. Who here has some experience with offering owner financing. We are looking at a sale price likely in the 180-215k range depending on how the market holds up. We are unsure what the place might rent for but that is also an option - our range estimate is currently at $1350 to $1800/mo. If we do offer owner financing, the justification would be that as we understand it, it may make an easier closing process. There are a couple items that although wouldn't likely completely gum up the financing process, might give a buyer with a bank/appraisal/etc some leverage that we wouldn't prefer they have! So, anything and everything relevant would help, including where we should start going to gather information and make an informed decision on this!

Thanks in advance.