Thinking about selling your rental property?
Then consider financing the deal yourself. (Real-estate pros call this arrangement a “seller take-back.”)
If you’re worried about a buyer not paying up, you should know that a default can actually be profitable for you.
Here’s some good advice… read my new article Tax Tips: Cash In When the Buyer Defaults on Your Seller Financing.
Three ways our fact-filled article can help you:
- You’ll learn four reasons seller financing may make sense for you. Why would you even consider a take-back mortgage? Because if you handle things correctly, you can make a lot of more money. You’ll get all the details when you read the full article.
- We’ll tell you what to do if your buyer does default. First of all, don’t panic! If you structured things properly, you can repossess your property and actually come out a winner. We’ll tell you how when you read the full article.
- We’ll provide concrete examples that show you how to avoid problems before they start. Yes. Seller take-backs can get a little complicated. For example, you’ll need to understand Sections 1245 and 1250 of the tax code. That’s where we come in. We’ll explain everything in easy-to-understand language when you read the full article.