Should I owner-finance my Reno property?

You can usually get top dollar by offering to owner finance, and you will have a better investment than your savings account. At the time I’m writing this, the banks are offering less than 1% interest rate if you put your money into a money market or savings account. A seller-financed deal would get you interest rates from 4%-to-10%, bringing in cash flow along with potential tax savings. If you don’t need the money, this is one of the most powerful tools for getting top dollar for your real estate. If you think you can't seller finance because you have a loan on the property, I have good news for you: you can! There are several tools and one is called a lease option. Keep your loan in place, take a “down payment” in the form of an option, and watch your cash flow. This can be a bit more tricky, but very effective. Call my office today and I’d be more than happy to help navigate your options.