Owner financing one of my properties?
I'm thinking of selling one of our single families, owner financing. The house is a 2 bed 2 bath in a great area and it's paid for. My husband and I are in thinking of relocating. Our kids and grand kids all live in Los Angeles and we're looking to move closer to them, but not to California. Since I manage our properties myself I don't like having properties across the nation. I'm flying to Vegas next week, meeting with a friend who is a realtor to look at properties. The tenants love the house and the location and I'm fairly sure they would be interested in buying it. I don't know anything about seller financing so I wanted to get some input from some of you who might have sold it that way. I don't think I want to give them more than a 2 years mortgage (ballon in 2 years). Thanks for any input