Is there ever a reason to be suspicious of an owner wanting to do seller financing?
It looks like the benefits to me of seller financing are 1) no personal recourse 2) Below-market interest rates and 3) (typically) longer amortizations, but what are the benefits to the seller? Receiving interest?
I ask this because in doing research on this particular park owner, I am finding mention of various lawsuits that indicate he is perhaps unscrupulous… I know there are two sides to every story, of course, but I just want to be aware of any red flags I should be looking for re: seller financing.
Is it rude to outright ask “why are you offering seller financing?” This park is being sold by the owner directly, not a broker.