Cohousing-L Mailing List: Owner Financing 43 Acre Sale to Co-Housing Group

[Tony Adrian (nursingdata]

My wife and I purchased 43 acres of rural land for a small, core group of 
individuals who are in the planning phase of creating co-housing. The group 
created a legal entity (LLC I believe). The plan is we will sell the land to 
the LLC as an owner financed deal with the LLC to pay us over 10 years with 
interest. Our intention is not really driven by the profit margin but to 
help these folks get started before the land prices in our area make it 
impossible. We will own the land outright within the next 60 days.

Any ideas of how to structure the transaction and any realistic pitfalls 
that both parties should consider would be greatly appreciated.

Tony