holding a note for buyer ( questions )

i have a commercial 5 unit property i’ve been trying to sell ( it is listed with a realtor ) , alot of people including investors have come in, they have been been asking if i can can take back some paper…i have never done this, but i am considering it so i can move this property, i’ve already jumped into 2 more deals, and would like to cash out on this one…anyone with any experiences they can share, what to look for…rates to charge ect?? any and all help appreciated…

Usually you ask for a downpaying of at least 10% of the property value. The shorter the payoff time, the better it is for you the seller.

Charge as high of a rate as you think they will allow ( I would try for above 13%) in case you decide to sell the note in the future. This way you should not have to discount it as much.

thanks for all the responses…i got it under agreement, with no note…