I have come across a site, www.realtaxtips.com It has a variety of real estate tax related posts for the real estate investor. This article by Tom Helfrich is a good way to sell in a slow market. However, the owner financing could be set up in any way that makes sense to you. Generally, I would not suggest doing a second and not requiring payments until the first is paid down, unless you are doing it for your children, or a special circumstance. The owner finance mortgage should be paid at the same time the lender financed mortgage is paid.

Using owner finance, at least in part, allows you to sell, but defer some of the income until later. If you are close to retirement, this may be a more favorable way for you to have monthly cash flow, then using rental income. Also check out in his article what the interest rate brings in.

Please link to: www.realtaxtips.com/story.php?title=Charge_Your_Own_Mortgage_Interest