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Updated almost 4 years ago,
Advantages of seller financing if I can have conventional loan?
Is there any advantages for the buyer (me) to get seller financing if I can get conventional loan?
I have a w2 job, excellent credit and 25% down payment to get a conventional loan. The seller is going to do 1031 exchange and going to put that in as contingency. I am thinking if I can solve their problem with seller financing to spread out the capital gain over time, plus the advantages of earning interest. The only advantage I can think of for myself will be I can buy the property sooner and start getting positive cashflow.
Which financing should I use?
Daniel