Owner Financing Commercial/Industrial

[Joe Cummings]

I have a 9,000 sf truck terminal / shop on 2.65 acres I want to sell. I was thinking about financing the deal. Asking price would be about 250k. Does asking for 50k down seem unreasonable? Also I was wondering about limitations on property use in the finance agreement to deal with the potential that the buyer might cause environmental damage to the property.

I have never financed commercial property, so I'm open to any experienced investors advice on other concerns

[John Van Uytven]

@Joe Cummings

Owner financing can be great.

You should really talk to a lawyer when you do owner financing. When doing something with possible environmental side effects. You need to consulate a lawyer who specializes in this area.

That is the only way to cover your bases.