Wanting to learn more on owner financing

[John Hovanec]

Hello BP, I am looking to buy a property from an individual and have her owner finance it to me. She is open to the possibility of it and I’m wanting to know as much about it as possible. Help me out with some of the insights that makes it more of an Incentive for the seller. Do the only claim the monthly payments as income? This will be my first owner financing deal so anything is helpful. Thanks.