Owner Financing (Expert Advise Needed)

[Steven Baca]

Hi BP Brothers & Sisters!

I have a 2bd/2ba townhouse that my tenant moves out 8/15/23.  I've been leasing for 5 years and thinking it time to sell.  A townhome 2 houses down sold for $160k and I was shocked so I'm thinking of putting mine on market next week for $179k as my townhome is a corner home and only the corner homes have a yard.  
I know the benefits of selling but what are the benefits of Seller/Owner financing?  Any advise would be greatly appreciate!

[Chris Seveney]

@Steven Baca

Honestly - none. Many will disagree and I can counter every one of their arguments but Take the profit and move on.

Either rent it or sell it outright. Especially if you have an existing mortgage on it

Remember Rental income allows you to continue to depreciate the home while interest income is ordinary income and you know longer get those tax benefits.

Only reason to seller finance is if you have a turd you cannot sell and by offering seller financing someone over anxious buys it thinking they can polish the turd.