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Updated almost 4 years ago,

User Stats

13
Posts
2
Votes
Konrad Wallerstein
  • Investor
  • Jacksonville, FL
2
Votes |
13
Posts

Selling to tenant, any benefit?

Konrad Wallerstein
  • Investor
  • Jacksonville, FL
Posted

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 

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