Owner Finance paid for rentals

[Darryl S.]

Hello BP. I am approaching retirement and am looking at selling my rental properties owner financed. My thoughts are that this would continue my great cash flow without the rental maintenance issues. Plus maybe delay a huge lump sum payment of capital gains taxes.

I have heard that owner finance rules are possibly different in each state? I am in the TN area. Any tips or information would be appreciated.  I had a attorney tell me recently that there was a law passed that prevents any owner finance without a mortgage license but from my internet research I believe the fella may not have been knowledgeable or at least had not kept up with current laws and exemptions. (hard to get good help nowadays)