Seller financing is a powerful way to maximize your returns and to build passive income. He are the top 9 reasons to seller finance your own home versus selling outright.
Top 9 Reasons To Seller Finance Your Home:
- You can sell home faster since 51% of adults in US have poor credit. Bigger pool of potential buyers.
- Reduce tax burden. Pay taxes only on interest income for that tax year.
- Steady income stream which last for years.
- Yields are higher than putting money to work in a bank, money market, CD (certificate of deposit), or bonds.
- Command a higher price since people with less than perfect credit cannot get traditional financing.
- Less liability versus renting home.
- Buyer maintains and improves the property.
- Buyer’s have homeowner mentality and not rental mentality.
- Better liquidity….
- You can sell the entire note faster than selling property.
- You can sell a partial note for super fast cash.