Selling Seller Financing

[Emily Howlett]

Hi all! I’m trying to convince a homeowner that seller financing is a good deal for both of us. So far I’ve thought of the following benefits for them, and I’m looking for help to see if the upsides are valid and or if I’ve missed anything:

- Keeps the seller from jumping to the next tax bracket due to income from sale

- Can defer capital gains taxes over years rather than paying all at once

- Monthly income over time

Any thoughts or input would be greatly appreciated!

[Russell Brazil]

Is this a rental property or owner occupied? If its owner occupied, they are of course exempt from a large amount of the gain, so capital gains may not come into place. If its a rental property, they are already used to receiving monthly income and are likely selling because they want a lot of money as opposed to a small amount of money.

My experience is the only people interested in seller financing either A) Advertise that they are open to it or B) Are forced into it because lets says its a non-performing commercial asset that needs to be brought up to performing condition.