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Updated almost 11 years ago on . Most recent reply

User Stats

107
Posts
15
Votes
Scott Nipp
  • Investor
  • Fort Worth, TX
15
Votes |
107
Posts

When does owner finance count as income?

Scott Nipp
  • Investor
  • Fort Worth, TX
Posted

Just wondering about if/when the income from an owner financed property counts as income?  I've heard for rentals you generally get credit for the rental income as income after 6 months.  Is this the same on an owner finance deal?  Just wondering since we are about to put our current house on the market as owner financed.

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