Specialized in Owner Financing

[Walter Pape]

Hello everyone,

I am starting out in Real Estate and still in the education phase. The wealth of knowledge on biggerpockets website and podcasts are so helpful!! As I have started to learn about the different niche's out there the owner financing (sub2/wrap) and (lease to own) are fascinating to me. Especially, ideas listed in pod cast 70. Thoughts on a new investor making this area is first focus? Is this an area to specialized in? If so, has anyone and you be willing to do an informal interview?

Thank you for any information or input ahead of time,

Walter

[Manny Cirino]

Walter,

I say it time and time again. All of the successful investors I have met in the state of FL and especially in our area. All heavily utilize the seller finance techinic. More commony to buy and hold rentals. But there are many who negotiate a purchase on seller finance terms then assign there rights to another investor or to flip the property having the seller hold the mortgage short term.

The options are enless, Land Contracts, lease options, master lease agreements w/ options are all great examples of seller financing and can truly help you get creative when a traditional wholesale offer is denied. I strongly recommend learns this and always make multiple offers when you submit an offer to a seller, wholesale and to different versions to sell on terms.