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Updated almost 7 years ago,
Barriers to owner finance
There's a possibility of Owner Finance on a really great rental property that is near my home and very well kept. The owner is older and getting tired of keeping up with his rentals. I believe he'd be very willing to entertain owner finance on this and possibly more of his properties, but there are two major barriers:
1) He would take a pretty big capital gains hit; the properties were paid in full long ago
2) He has 2 other family members on the deed, and the relationships are not all well
Do any of you have suggestions for how I might overcome these barriers and turn this into a win win situation for the both of us?
Thanks in advance!