Sell or keep?

[Shane Waller]

I have renters in a house that I have had in there for about three years. They are interested in buying the house but cannot go to the bank to the bank so they ask would I take a down payment and take on the loan for them. The home is a 2000 Doublewide which is in pretty good shape about 40,000 on it do you think it would be feasible for me to do something like this I get 650 per month right now. Mortgage on it I only make about $200 a month that's after taxes and insurance.thanks for your comments. They are looking to get a cheaper payment. Maybe lower payment Down to 550. I still owe 15 more years.

[Christopher Brainard]

So, you're going to take in $100 less per month and you won't own it after. Most sellers are interested in doing owner financing because they can get more than they would be able to just renting it. This sounds like a great deal...for the buyers.

-Christopher