[pwd72s]

If the property you're looking at is fully owned by the seller, you might ask if he's interested in carrying the paper himself. I did so when I bought a rental, then later agreed to carry a contract on some commercial property I sold. Why not? Doing so lowered my capital gains rate, I got 20% down and the now obscene interest rate of 9%...wrote the contract so they can't pay all off in a single year...max payoff 20% in any calendar year. Contract said I could raise the interest rate to a %age figure beyond a bank's home loan rate if intest rates climbed. Nothing in the contract allows below 9% interest.