Lending rate for owner financing land

[Kelly Hall]

What would a good rate be to charge a buyer when financing a parcel of land?

[Jay Hinrichs]

@Kelly Hall  in these instances rates are low  as there is not a lot of buyers for the adjacent property if there were you would just sell it for cash and call it a day.. give them a good rate so they buy it.. is what I would do

I just recently bought a property in Sacramento CA  and it had an extra lot.. I sold the extra lot ( after getting cashed out for my flip and making a nice profit) for a nice price and I think 6 % interest.