have rentals considering selling them and owner financing
I have rentals that I own and I am considering owner financing them to buyers. I'd like to know the downsides of turning a rental property into an owner financed property from someone who's done it. I understand that evicting someone is a lot easier than foreclosing, is that true?
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@David Key It means residential owner financing is subject to the SAFE Act and the Dodd Frank law which impose significant regulation, expense and risk on owner financing. This is regulation that is supposed to protect consumers, but instead it has caused a lot of owner financing to dry up. Why take the risk of suffering expenses and penalties under the SAFE Act, the Dodd Frank law and other so-called consumer protection statutes.