Is there closing cost involved when doing owner financing?

[Robert Collins]

Is there closing cost involved when doing owner financing?

[Cameron Tope]

@Robert Collins I agree with @Jacob Sampson - there are closing costs at the title company that someone will have to pay for - attorney fees, doc fees, title policy, etc. They should be 3-5% of the purchase price. 

The great thing about owner financing is you and the seller/buyer can determine who pays for all those expenses. 

We have used that strategy many times and love it!

Best of luck!