Getting Rid of an Unwanted Property

[Chas Phillips]

Hello BiggerPockets community, 

I am in a bit of a predicament at the moment. I have a property purchased about 2 years ago in Killeen, TX that is a huge headache to manage due to the area, tenants and the fact that I am deployed to Iraq. It is a Fourplex Apt building and is in fair condition. I am trying to sell it as it is currently fully rented and is a cash cow depending on how maintenance is allocated. 

I am also considering owner finance terms but would prefer to be completely rid of it. 

Has anyone sold a property of this caliber and would seller finance be my best option? 

Thanks in advance, 

Chas 

[Brent Coombs]

@Chas Phillips, I believe offering Seller financing could be a (future) headache for you too. 

Around BP, I have mainly seen that strategy being suggested as a way for BUYERS to get into property with low/no money down, but you being the Seller, little mention of the same "huge headaches" that you might face again down the road if your Buyer reneges.

So, I recommend selling it conventionally. Get its full worth NOW! Thank you for your service.