Discover the Pros & Cons of "Owner Financing" As a Seller by Frank Chen

 

If you have ever considered selling any of your properties with Seller financing, referring to 

that you will be the "bank" and you will extend a loan out to your buyer directly, the video 

you see here with Frank Chen from the REIClub.com, will give you a quick rundown and list 

of Pros and the Cons.

Please understand that the video should not be considered legal or accounting advice. 

Rather, it serves a introductory lesson about what Seller financing exactly is and why you 

should (or should not) consider using it depending the needs and wants for your property. 

Frank speaks quickly, so feel free to take good notes, rewind the video or watch it over 

again a few times.

If Becoming the "The Bank" Isn't a Fit for You, 

Consider Selling, "Rent to Own" for These Reasons

• The title stays in your name

• The property remains a rental property with the added benefits to the buyer of holding the "Option rights" while you remain in control

• The loan stays in your name

• You get a non-refundable Option fee that's going to be much larger than a conventional security deposit equal to the first month's rent only

• The "tenant-buyer will be responsible for most of the repairs (if not all of them)

• You can sell your house "As is"

• You can evict the tenant-buyer instead of foreclosing on them

• And much more...

If Becoming the "The Bank" Isn't a Fit for You, 

Consider Selling, "Rent to Own" for These Reasons