OWNER FINANCED

Financing, Hard Money Lenders, Private Money
1

I POSTED THIS BEFORE BUT I THINK IT WAS THE WRONG PLACE.

I WOULD LIKE TO HEAR SOME OF THE PRO’S AND CON’S ABOUT OWNER FINANCED PROPERTY.

THANKS
auggflo

2

Pro for buyer: He gets the property and positions his leverage.
Con for buyer: He has to wait in line while the priority goes to the ones with a better financing position.

Pro for seller: This is one of the fastest ways to sell a property.
Con to seller: This can be complicated if done incorrectly.

My 2cents,

3

I like this format

pro for buyer… usually faster close - pay no points - often more creativity with terms - sometimes bad credit is not as much of an issue

con for buyer - interest rate usually higher - more compitition as many people are looking for owc
…

pro for seller - make interest on the money - as said - sell fast this way

con- not as much cash in hand - have to deal with buyer &/or potential buyers more hear sob stories, answer tons of questions, blah blah