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Updated almost 4 years ago,
Selling to tenant, any benefit?
In general is there any benefit to providing a tenant a loan/mortgage to buy a property rather than selling it and generating income from note finance or the stock market? Have any of you provided a mortgage to a tenant?
My specifics: a tenant fell behind and I did not evict him. He is now paying regularly more than the rent to slowly repay the outstanding. I will be moving and am considering selling. If I sell to a third party I doubt the tenant will pay back the outstanding. If I sell him the property we can add the outstanding to the capital sum.
Thank you for any comments. Konrad