Seller Financing-Pro's/Con's and ultimately who collects the rent

[Joshua Lupo]

Hi All! When it comes to multi family seller financing, who collects/uses the monthly rent during the term of the seller financing? For instance, if a buyer and seller agreed to owner finance $40k for 36 months and came up with an interest rate and subsequent monthly payment. During those 36 months, the buyers would pay the seller whatever the monthly payment was but in exchange, would the buyers then be able to collect the rent from the units and use the cash flow as they see fit?

[Greg Scully]

@Joshua Lupo - You would run the business and pay the seller the agreed upon payment.  Where that money comes is irrelevant to the agreement.  The property is collateral against a debt obligation.