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Updated about 9 years ago,
Staring out with seller financing tips?
Hello,
In the past months I have been learning a lot on how to begin investing in real estate.
I learned about seller financing and thought it may be my best option to start since I do not have the capital to invest in real estate with my own money. I know there are some things I need to be wary of when it comes to asking for seller financing, such as "Due-On-Sale" clauses in properties that still have mortgages.
However, I am still confused as to how it really works. I understand that sometimes agents will not be part of the deal? I am not sure if that is right. If it is, then how does the title change works and who would do the paperwork that it requires?
This is the reason I am creating this post, could I please get some tips, ideas, advice that relates to seller financing? This may include but not limited to, how to approach a potential owner to ask for financing. What else should I be wary of.
Any tips about it would be very appreciated!
Thank you in advance!