Lease option or Seller Finance?
If I own a mobile home park and I own one of the homes free and clear should I sell it using a rent-to-own contract (lease option) or sell it by using seller finance?
If I do the seller finance route the terms would look something like this:
Purchase price is $15,000, 10% down, 5 year term at 5% interest rate = $254.76 per month payment to me
Thank you!