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Updated almost 2 years ago, 03/01/2023

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4
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Seller Financing: Advice for Buying My First Property

Joseph Cammarata
Posted

Hello!

I am college student in my senior year looking to buy my first property within the next 5 months (which is when my lease is up). 

Unfortunately, it's not looking like I'd be able to finance through a conventional bank considering my financials (I have good credit and work 2 jobs, both jobs for only a year). I will be attending graduate school this year and after I graduate and will be able to start my career in 2025. 

I've had a few conversations with some mentors and they mentioned seller financing as a great route for someone in my situation. I understand this would take some leg work, and I've spoken to a local agent about accessing some lists to owners who have most or all of their property paid off. Does anyone have any general advice about working out a seller financed deal? Maybe some ideas for what I should research/next steps?

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