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Updated over 5 years ago,
Considering owner financing one of my rentals. Info needed
I am currently considering owner financing one of my rentals off. I would like to do fsbo and offer to work with buyers agents if a client would like to outright purchase my property. To help speed things up I am also willing to offer owner financing to people with sub prime credit. So my questions are how much are people charging for interest on owner financed deals. How much down is the norm for owner financing? Also if i get my home appraised how much should I ask for it owner financed? Possibly a few percent over market value? Any other fees or points that go into the average owner financing deal? I am not trying to screw anyone. Just don't want to leave money on the table. The house I am selling is paid for. No mortgage.
thanks for any info!