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Fresh land needing a master willing to pay $138.76/mo for 80 mos.

W Otter Dr., San Luis, CO 81152, San Luis, Colorado 81152

7Picture(s)
4.80Acres
With serene wide-open skies, this is the ideal setup for a life of adventure along with everyday conveniences.Located dead-center of Costilla County, and just a 3.7-mile drive from San Luis, CO proper, this might be the perfect place for you to jumpstart your dreams.4.80 acres, and all we’re asking for is $150 down + $275 for a doc fee - and of course, just $138.
$8,475

Fresh land needing a master willing to pay $138.76/mo for 80 mos.

W Otter Dr., San Luis, CO 81152, San Luis, Colorado 81152
4.80Acres
With serene wide-open skies, this is the ideal setup for a life of adventure along with everyday conveniences.Located dead-center of Costilla County, and just a 3.7-mile drive from San Luis, CO proper, this might be the perfect place for you to jumpstart your dreams.4.80 acres, and all we’re asking for is $150 down + $275 for a doc fee - and of course, just $138.
$8,475

Fresh land needing a master willing to pay $138.76/mo for 80 mos.

W Otter Dr., San Luis, CO 81152, San Luis, Colorado 81152
$8,475

California, Modoc County, 0.92 Acre

Lot 67 California Pines Resort, alturas, California 96101

6Picture(s)
0.92Acres
California Pines ResortLot 670.92 AcresCalifornia Pines in Modoc County is a beautiful community surrounded by 2 million acres of the Modoc National Forest in Northern California.This lot is being offered for sale with financing. Simply make the small down payment, and the land contracts and coupon books will be emailed and hard copy mailed to you immediately.
$7,500

California, Modoc County, 0.92 Acre

Lot 67 California Pines Resort, alturas, California 96101
0.92Acres
California Pines ResortLot 670.92 AcresCalifornia Pines in Modoc County is a beautiful community surrounded by 2 million acres of the Modoc National Forest in Northern California.This lot is being offered for sale with financing. Simply make the small down payment, and the land contracts and coupon books will be emailed and hard copy mailed to you immediately.
$7,500

California, Modoc County, 0.92 Acre

Lot 67 California Pines Resort, alturas, California 96101
$7,500

Kentucky, Wayne County, 2.10 Acre

Lot 2 The Cliffs, Bronston, Kentucky 42518

10Picture(s)
2.10Acres
The Cliffs,Lot 22.10 AcreThe Cliffs is a small rural piece of land located on the Cumberland River. Due to it's steep elevation, this land is for recreational use only. Cumberland River is excellent for trout and striped bass fishing or other water activities. Our no-hassle, guaranteed financing make this the perfect opportunity for you to own a small portion of the beautiful state of Kentucky.
$14,498

Kentucky, Wayne County, 2.10 Acre

Lot 2 The Cliffs, Bronston, Kentucky 42518
2.10Acres
The Cliffs,Lot 22.10 AcreThe Cliffs is a small rural piece of land located on the Cumberland River. Due to it's steep elevation, this land is for recreational use only. Cumberland River is excellent for trout and striped bass fishing or other water activities. Our no-hassle, guaranteed financing make this the perfect opportunity for you to own a small portion of the beautiful state of Kentucky.
$14,498

Kentucky, Wayne County, 2.10 Acre

Lot 2 The Cliffs, Bronston, Kentucky 42518
$14,498

Kentucky, Wayne County, 5.34 Acres

Lot 9 Bluegrass Ridge, Monticello, Kentucky 42633

9Picture(s)
5.34Acres
Bluegrass Ridge,Lot 95.34 AcreBluegrass Ridge is perfectly located just 12 miles southeast of Monticello, KY. This rural property is also within a short driving distance of larger cities like Somerset and Ferguson, as well as attractions such as the gorgeous Daniel Boone National Forest.
$37,000

Kentucky, Wayne County, 5.34 Acres

Lot 9 Bluegrass Ridge, Monticello, Kentucky 42633
5.34Acres
Bluegrass Ridge,Lot 95.34 AcreBluegrass Ridge is perfectly located just 12 miles southeast of Monticello, KY. This rural property is also within a short driving distance of larger cities like Somerset and Ferguson, as well as attractions such as the gorgeous Daniel Boone National Forest.
$37,000

Kentucky, Wayne County, 5.34 Acres

Lot 9 Bluegrass Ridge, Monticello, Kentucky 42633
$37,000

Missouri, Shannon County, 8.22 Acre

Lot 39 Green Mountain Ranch, Winona, Missouri 65588

7Picture(s)
8.22Acres
Green Mountain Ranch,Lot 398.22 AcreTract 39 has been surveyed into 8.22 +/- acres. Terrain is mostly flat to rolling in nature. Tree cover is mostly heavy across the majority of the property with a few clearings. Access is via a small unmaintained ranch road from the county road or directly from the county road frontage. No utilities have been established to this land.
$39,500

Missouri, Shannon County, 8.22 Acre

Lot 39 Green Mountain Ranch, Winona, Missouri 65588
8.22Acres
Green Mountain Ranch,Lot 398.22 AcreTract 39 has been surveyed into 8.22 +/- acres. Terrain is mostly flat to rolling in nature. Tree cover is mostly heavy across the majority of the property with a few clearings. Access is via a small unmaintained ranch road from the county road or directly from the county road frontage. No utilities have been established to this land.
$39,500

Missouri, Shannon County, 8.22 Acre

Lot 39 Green Mountain Ranch, Winona, Missouri 65588
$39,500

Kentucky, Wayne County, 6.58 Acre

Lot 2 Bluegrass Ridge, Monticello, Kentucky 42633

9Picture(s)
6.58Acres
Bluegrass Ridge,Lot 26.58 AcreBluegrass Ridge is perfectly located just 12 miles southeast of Monticello, KY. This rural property is also within a short driving distance of larger cities like Somerset and Ferguson, as well as attractions such as the gorgeous Daniel Boone National Forest.
$48,500

Kentucky, Wayne County, 6.58 Acre

Lot 2 Bluegrass Ridge, Monticello, Kentucky 42633
6.58Acres
Bluegrass Ridge,Lot 26.58 AcreBluegrass Ridge is perfectly located just 12 miles southeast of Monticello, KY. This rural property is also within a short driving distance of larger cities like Somerset and Ferguson, as well as attractions such as the gorgeous Daniel Boone National Forest.
$48,500

Kentucky, Wayne County, 6.58 Acre

Lot 2 Bluegrass Ridge, Monticello, Kentucky 42633
$48,500
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Owner Financing Land News 

Owner-Financing-Land

Benefits of Owner Financing for Your Land Purchase

Buying land is a substantial investment, and many first-time buyers aren’t aware of all their financing choices or may feel intimidated by the process. There are a variety of options when it comes to financing property, but the traditional forms may not always be viable. Have you heard of owner financing? Are you aware of the benefits? Read on to learn why owner financing your land purchase maybe read more…

Owner Financing

It might seem out of the ordinary for a buyer to ask a seller to help buy their home. It is actually a quite common occurrence for a seller whose home is not selling or buyer who is having trouble with traditional lender guidelines. Owner financing is also popular in local real estate markets where the scene is a buyer’s market.

So, what is owner financing, you may ask? Owner financing is when the current homeowner puts up part or all the money required to buy a property. To make things simple, the buyer is borrowing money from the seller instead of taking out a mortgage with a commercial lender. Buyers can choose to fully finance a purchase in this manner or combine a loan from the seller with one received from a banking institution.

When it comes to owner-financing, there are benefits for both buyers and sellers.

Buyers who choose owner financing can reap several advantages:

  1. When it comes to owner financing, there is little or no qualifying.
  2. Buyers and sellers can choose from a variety of loan repayment options or a combination of them.
  3. Without an institutional lender in the picture, there are no loan or discount points, origination fees, processing fees, administration fees, or any other assorted miscellaneous fees that lenders routinely charge which in turn leads to saving money on buyer closing costs.
  4. Buyers and sellers can select from a variety of the following loan repayment options: interest-only, fixed-rate amortization, less-than-interest, or balloon payment (if your state permits it), or even a combination of these options.
  5. Down payments are negotiable.
  6. There is quicker possession without an institutional lender involved.

Sellers who decide to opt-in for owner-financing reap multiple benefits, as well:

  1. The sales price can be higher since the seller is offering to finance. He or she can command a full list price or higher.
  2. The seller may pay less in taxes on through an installment sale, reporting only the income received in each calendar year.
  3. Payments from a buyer increase the seller’s monthly cash flow, creating spendable income.
  4. An owner-financed loan can carry a higher rate of low-risk types of investments.
  5. Offering owner financing is a great way to make a quicker sale. It can draw in a different set of buyers on a property that has been difficult to sell.

As advantageous as it can be, owner financing is a complex process. Let LandHub.com guide you through every step of the way. We thank you for your interest in our services as you sell your land and land your dream.

Owner Financing Frequently Asked Questions

Owner financing is an arrangement wherein the seller of the property either agrees to accept payment in installments or finances the buyer by giving him enough credit. This makes things easier for the buyer as he does not have to go to a bank to secure a loan.

How does owner financing work?

Owner financing is a useful tool that can be used by buyers to purchase property without having to take a mortgage. Mortgages are taken from banks who lend you money. You, then, have to repay this loan to the bank. However, in owner financing, an arrangement is made where you pay the seller in installments along with interest. Such installments are to be paid until the purchase price has been paid off.

Is owner financing a good idea?

Owner financing is a faster way to close a deal. The problem with banks is that you have to go through a lot of red tape to prove income and assets. You have to wait for the loan officer to inspect, their legal team to process documents and approve them. This method may save you money as you do not have to give any bank fees and other costs that come with that, but make sure to compare the interest rates. The down payment arrangement will be flexible as you can negotiate with the sellers. This method comes in handy to those who are unable to secure a traditional mortgage from a bank.

As a seller, is owner financing a good idea?

The most amazing benefit of owner financing is that it is advantageous to the seller as well as the buyer. Just by eliminating the banks, the middle man, both parties enjoy a variety of advantages. The seller can sell the property as it is without having to make expensive repairs that the conventional lenders demand. This is also a safe form of investment as sellers can earn good returns in the form of interest. If the buyer defaults on his payment, the seller can retain the title of the property along with the down payment. As already pointed out above, this is a faster method to close a deal as the buyer does not opt for a mortgage from a bank.

How does owner financing affect taxes?

When one sells his land using owner financing, instead of an ordinary sale, it is considered to be an installment sale. In an ordinary sale, the buyer pays you in a lump sum. However, in an installment sale, the buyer would hand over a down payment on the date of closing and thereon payments until the last installment. When you report a sale as an installment sale, you will be allowed to realize gains over the coming years. Therefore, instead of paying the entire tax in the very first year, you pay smaller amounts of tax and spread the tax over several years.

Who owns the property in an owner financing deal?

In owner financing deals, the purchaser is entitled to the “equitable title”. On the other hand, the seller is the holder of the legal title. The purchaser will be the owner of the property, otherwise, it would amount to leasing.

Can an owner financed mortgage be reported on your credit report?

Owner financed mortgages do not end up on your credit report. This means that you would not receive the boost in your credit that you get when you use a traditional bank loan.

What are the forms of owner financing?

Mortgages and promissory notes are the most common forms of owner financing. The promissory note mentions the borrowing amount and repayment terms. A mortgage, on the other hand, is a different document. It secures the seller in case the buyer defaults.

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