Is Owner Financing Good for a Condo?

[Isaac Boateng]

I just spoke with a motivated seller of a 2bd 2ba condo that is free and clear. She is asking $169k which I will negotiate down. She has agreed to owner financing but before I discuss the terms with her I want to know if it's a good idea to do it or not. My initial goal was to do airbnb with it but I called the leasing office and found out it's not allowed. What are some thoughts you guys have? Also how would you structure the terms?

[Phillip Dwyer]

@Isaac Boateng In Nevada, the seller is required to furnish the buyer with a resale package for the HOA. This will have a copy of the financials, rules and regs, and CC&Rs. Make sure you read through this before proceeding, because the $8/hour employee you spoke to on the phone could be mistaken.