Hey guys,
I just wanted to let you know what owner financed land means to us at Go West Lands and how easy it can be with our business model and the internet.
So, what is owner financed land? This is land that is available to buyers on a payment basis, meaning you can make weekly, monthly, quarterly or yearly payments on properties instead of buying them for a larger one-time fee. This is done for many reasons that benefit both the owner of the property and the buyer of the property as well. One of the best reasons to buy property via owner financing is that it allows you to keep more cash in your pocket today, and spread out your payments with future money that will allow you to buy larger parcels over time and/or diversify your cash into multiple properties over the same time period. The more land/assets you control over a period of time, the more net worth you will have in the long run.
Why would an owner want to owner finance a property??? 1) owner financing allows for less of a tax hit come sales time, yep, quick turning or selling for a large fee really triggers tax brackets and Uncle Sam always wants his 2) owner financing allows property owners to build passive income from raw land that would not usually provide such cash flow. Most owner financed properties would also provide higher sales prices for the owners of the properties as well.
In conclusion, while everyone enjoys a quick cash transaction, there are many times that owner financing land is the right choice for both buyers and sellers.
Thanks for reading,
Trevor