LANDLORD
07-23-2007, 10:01 AM
I am curious to know the pros and cons of seller financing . I currently have a property in md. worth 320k but only owe 155k, im thinking about rent to own or seller financing the property.I was thinking of offering the property to a person with little credit/high income and making them pay for improvements , taxes , maintenance etc. Ive been told that you can ask the "tenant" to obtain a renters insurance policy in their name with landowner as a benificiary, so that if the tenant destroys the home it ruins their insurability and not mine.Then all repairs would be on the tenant, and not me....any input i would appreciate
john
john