Tips for Selling Property Offering Creative Financing Options

[Juan Ayala]

Hey BiggerPockets community,

I’m looking for some advice on selling my investment property in Riverside, California, especially since I’m considering offering creative financing options. This property is 10 minutes from the University of Riverside and 20 minutes from March Air Reserve Base. Here’s the scoop on the property:

Property Details:

• Built in 2021: Modern and low-maintenance.
• 4 Bedrooms (Convertible to 5): Flexible layout.
• 2 Bathrooms: Great for families or multiple tenants.
• Turnkey Rental or Primary Home: Ready for investors or as a family home.
• Location: Just 10 minutes from the University of Riverside.
• Vacant: Ready to move in right away
• Mortgage: VA loan @2.5 percent interest rate

What I’m Looking For:

1. Realtor Recommendations: I need a realtor who knows their stuff with creative financing—seller financing, lease-to-own, etc. Any good ones in the Riverside area?
2. Creative Financing Tips: For those who’ve done this before, what are the dos and don’ts? How do I make these deals appealing to buyers?
3. Marketing Strategies: What’s the best way to market this property, especially with the creative financing angle? Any tips on platforms or techniques that work well?
4. Legal Assistance: I know I’ll need a good real estate attorney. Any recommendations for someone experienced with creative financing in Riverside?

Other Questions:

• Any common pitfalls to watch out for when selling with creative financing?
• How can I make my property stand out to potential buyers or renters?
• Anything specific I should prep before listing?
• Knowing I have a VA loan with a low interest how can I leverage that and not trigger the due on sale clause?

Thanks a bunch for any help you can offer. This community has been amazing, and I’m looking forward to your advice!