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Updated almost 11 years ago,

Donald Hendricks's profile image
Donald Hendricks's profile image
Donald Hendricks
  • Investor
  • from Clarksville, Indiana
  • Member since Oct 7, 2012
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226
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Donald Hendricks's profile image
Donald Hendricks's profile image
Donald Hendricks
  • Investor
  • from Clarksville, Indiana
  • Member since Oct 7, 2012
Connect
Donald Hendricks
  • Investor
  • Clarksville, IN
96
Votes |
226
Posts
Real Estate Deal Analysis & Advice

Pitfalls of buying a home on owner finance terms

Donald Hendricks
  • Investor
  • Clarksville, IN
Posted

I found a house that is being sold on owner finance. The numbers work, with about $300 a month cash flow using the 50% rule and 2% rule.

Question is, what are the pitfalls of buying on owner financing? What must I make sure is in place to protect me and the property from dastardly deeds of the seller at any point?

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