Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

9
Posts
8
Votes
Jocilyn Oler
  • Investor
  • Salt Lake City, UT
8
Votes |
9
Posts

Rent-to-own VS Deed of trust?

Jocilyn Oler
  • Investor
  • Salt Lake City, UT
Posted

I have owned a mobile home for the last year.  It has provided awesome cash flow.  The park is changing the rules and I can no longer sublease.  So  I need to sell the home. 

I've found several interested parties who all need financing.  I am willing to provide the financing.  What are your opinions on doing a rent-to-own route versus selling the home using a deed of trust? 

We are leaning toward the deed of trust route right now.  We are selling the home for $35K.  Your thoughts on how much  the down payment needs to be?  Is requiring 7% interest way too low? Should I be expecting a higher interest rate? 

Two of the parties are fine taking seven years to fully pay off the home.  

Your thoughts and advice on this type of deal is appreciated!

Loading replies...