If people ask “how much interest am I getting with that payment?” I tell them, “it’s a principal-only payment”. I also say, “if you’d like interest, I’d be happy to pay you interest, but the price will have to be closer to my cash price (remember, my 15-year No-Interest price is about twice as much as my Cash price). And then I say: “I’d much rather pay you the interest than the bank.” Since my Cash offer is 70 per cent of market, getting an owner carry back at 6 per cent is a great deal, with lots of potential profit centers down the road (negotiating early payment or discounts for pre-payment etc).
Hope that helps.
Rich