Owner financing deal

[Sorin T]

Hi all,

I would like your input on a potential deal.

I own this property free and clear, asking price 300K. Been on the market for several months, not a lot of traffic (remote area)

I have a potential offer coming through with owner (me) financing, 20% down and balloon the balance in 2yrs max.

 I have not done any owner financing so far for the obvious reason, I don't like to get my cash locked for a long time.

Is this an interesting deal to consider? What terms you'd suggest?(interest rate for 2yrs, etc) Any potential pitfalls? Your expert opinion?

P.S. On a different note, I own several properties like this, that I would be interested to do a 1031 exchange (for all of them) with a MFA. Any suggestions where I can find a deal like that? I live in central CO

Thanks in advance, keep investing!