Hello, I live in Orange County and plan to buy some properties in Bakersfield and sell it with seller financing.
My goal is to offer similar mortgage that the tenant would be paying as a rent. The price range of home that I have been looking for is under 150k.
Is there stricter law in California for doing owner financing compare to other states?
I have been contemplating between Arizona area and Bakersfield.
Financing currently on a 5 plex in Bakersfield . There are specific lending rules for seller financing to a consumer. not sure if this helps you?