Looking for buyers with 10% down for Own. financing

[Dennis Pinero]

Got a rental I'd like to sell via owner financing that I took sub 2 a few years ago. I've always heard that 10% down was the minumum for taking this kind of risk but thinking that with an asking price of $389 that finding someone with $39K under the mattress might be a stretch right now. But....with all the displaced x-homeowners who lost their homes to foreclosures over the past few years there may be people with good cash flow and money to put down. Also, what's the best way to find these people? I've thought about contacting mortgage brokers who've turned down people for new loans that had $$$ to put down but coudln't qualify for a loan because of the tight credit markets right now. I'm also wondering if Owner financing might be the wave of the next REI boom. What do you guys think? Thanks. Dennis