I want to owner finance my house when selling

[Adam Aschoff]

My wife and I are discussing non selling our house in the coming year and I have some interesting in seller financing my property. The reason being is I do have a lot of equity in our property and the rent doesn’t work out for cash flow unless I would do section 8. What goes into setting up a seller finance and have people found this to be beneficial for themselves?

[Todd Pultz]

@Adam Aschoff i understand where your head is at, but your failing to factor in the equity your giving up by selling instead of renting and I think that outweighs the 400 gap you have between section 8 and market rent

In owner finance deals it just depends. We structure all sorts of ways just depends on how each side needs to benefit.

Usually we structure higher than prime because if they could get a loan they wouldn’t need owner financing(usually).

Example might be 10% down, 7% interest, 36 month balloon, amortized at 20 years. Just random numbers I threw out.

You could go interest only that way your balloon is higher at the end of it makes sense.

There are so many way to structure an owner finance.