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Updated about 9 years ago on . Most recent reply

User Stats

29
Posts
3
Votes
Simon Aristizabal
  • Stamford, CT
3
Votes |
29
Posts

Staring out with seller financing tips?

Simon Aristizabal
  • Stamford, CT
Posted

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!

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