I am interested in buying a lot to build a rental property on. The seller is doing a 1031 exchange with this sale, but the listing also discloses that they are interested in seller financing. I am not super familiar with the benefits (to the buyer) of seller financing. I am working with a bank to secure funds on this purchase, but should I also consider doing seller financing?
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
4y
@Devon Newhouse ask the seller what their financing terms are. Then compare those terms to your current lender terms. If the seller is offering better terms than your lender, then that's the benefit to you. Does that make sense?