http://www.REIClub.com - Selling Property With Owner Financing? Here’s Some Owner Finance Benefits and Risks for Real Estate Investors...<br /><br />Owner Financing PROS<br /><br />- Terms of deal are flexible and negotiable<br />- Higher sales price<br />- Tax breaks<br />- Monthly income<br />- Favorable Returns<br />- Shorter listing term<br />- Attract a larger number of interested buyers<br />- gives buyer time to repair credit to get conventional loan<br />- Eliminate repair costs<br />- Substantial savings in closing costs<br />- Sell the contract and cash out - note buying<br /><br />Owner Finance CONS<br /><br />- Have to be familiar with current loan terms<br />- Buyer may still default on loan at end of term<br />- Property may need repairs if buyer defaults or back-outs<br />- No full equity payment upfront<br />- Headaches of being a lender<br />- Verifications<br />- Possible foreclosure<br />- Evictions
