Financing Small

I think you would increase your chances of getting screwed. I find that if I allow a customer to pay after the fact, it's much harder to get paid. source

You need a real estate attorney in such a scenario. Proper contracts need to be drawn up so that parties are protected as to the nature of the agreement. Hopefully, your friend does not have an outstanding mortgage on this property. If there IS one, RUN away from any such agreement. She most probably cannot legally sell to you with owner financing if there is an existing mortgage. source

Just think about the day they stop paying you the mortgage. Then consider the nightmare of having to foreclose on them while they wreck the place and you have no right to even set foot on the property. They may seem nice now, but that is before they owe you money, get divorced, start smoking crack etc. source

I'm not sure if this would work since the bank bailout and crashing of home loans, but in the past in the states you could register your business as a corporation. It didn't matter who you said owned the business, it could be her pets. Once you register, you would be offered unsecured, corporate credit cards. If the business fails the worst that could happen was having to close the business and declare bankruptsy. source

Think you get the idea from everyone else but add another no to the list. Other sites offer similar functions for no charge. Dealers want to sell me a product, no need to pay them or someone else for the opportunity to do so. source