Owner Financed Property

2 Replies

Investment Info:

Single-family residence note investment investment in Lyman.

Purchase price: $125,000
Cash invested: $15,000

Owner financed property.

What made you interested in investing in this type of deal?

This was a property I owned in SC and was having a hard time finding a qualified buyer so I owner financed the property.

Lessons learned? Challenges?

Always do a credit and background check.

I have sold a properties using owner financing and like because they can be a win-win situation.  The new owner gets the property without too much hassle (like when getting a mortgage from the bank) and I continue benefiting from the property getting my interest and deferring the taxes in the profit from the sale. 

I agree with you doing a credit and background check is very important to avoid problems down the road.

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