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Updated about 5 years ago,
Seller Financing - Help me Make my first deal
Hi all,
I'm looking to make my first deal and came across a duplex for sale. I inquired with the owner for more information which he quickly provided me with and mentioned that he is very motivated, as he is " getting too old" to deal with them anymore. In my initial email to him, I asked if seller financing was an option, but he did not answer this question. After receiving the details on the duplex, I felt as though it was a bit more than what I'd like to take on as my first deal and asked him if he had any other real estate that he was interested in selling. He responded that he does have a few residential homes and asked what I was looking for.
So here's my question....I haven't responded yet. How do I pitch seller financing? I do not know him, and I do not have details on the other properties yet. I didn't know if I should wait and get the details, see the properties then make my move? Or should I be up front and ask if seller financing is even an option so that if he isn't interested, I don't waste out time? Any advice or suggestions will be greatly appreciated.