Owner Financing, should I?

[Damon Miller]

I need help. I can’t figure out if it’s a good idea for me to do owner financing and I would love some input from someone smarter than me.

It’s a great cash flowing rental. The only reason I want to sell it is to use The equity to put a down payment on 3 rental properties.

If I do seller financing I will probably only get enough to put a down payment on one, maybe two rentals but I’ll still collect a payment from the financing.

Any input would be great.

[Brandon Rush]

Hey Damon,

I personally think this mostly depends on your goals. Are you in a place where you want to continue to grow and increase your cashflow or have you been in this for a while, have cashflow that satisfies you, and do not desire to acquire many more units? It looks like you may be interested in continuing to grow. If that is the case, sell your unit and pick up 3x more. Also, if you can lock in some good priced deals, consider how low interest rates are now on rental property.

Just my 2 cents. Good luck!