Why would anyone who owns a piece of real estate outright ever consider taking on the role traditionally held by banks and agree to sell their property in exchange for a mortgage note payable to them over time? Why accept a promissory note instead of cash? Why in the world would sellers offer to owner finance? Owner Financing = Higher Interest Rate Potential One key benefit to a seller who opts to finance for the buyer is the potential for getting paid a much higher yield on their equity … [Read more...]
