Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Buying my first property
Hello BP community, I am new here and new to investing. I have a workmate who is possibly looking to sell one of his rental properties. I have not looked at the house or many of the numbers yet, but have asked a few questions about it and it would be in my price range. I don't want to put the cart before the horse, but say everything checked out and it turned out to be a good deal, what would be a good way to purchase the house from him? My credit is currently in the rebuilding stages and I am hesitant about trying to get pre-approved anywhere as to not put hits on my credit. Say he agreed to "seller-finance" (not sure if I'm using that in the correct context), how would that work? Thanks in advance for any help!