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Updated almost 6 years ago, 02/19/2019
Seller financing and exiting the property
I am thinking about offering a couple options to a seller on a specific property. (Cash offer and seller financing)
Property is priced quite high and it doesn't make sense currently. However, they are open to seller financing, which could make this doable and more interesting if the terms are good.
#1 If I do seller financing over 5 years... but what if I want to sell the property before then? Is there any reasonable way to continue the financing, independant if I sold the property, before the term is up?
As an alternative...
would a rent-to-own to an end buyer be the 2nd best exit strategy?
Thoughts?
Thanks for taking the time to read this.