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Updated over 5 years ago,

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2
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1
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Jamal Walker
1
Votes |
2
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Buying my first property

Jamal Walker
Posted

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!

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