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Updated almost 12 years ago on . Most recent reply

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7
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Alex Mercer
  • Olathe, KS
1
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Owner financing

Alex Mercer
  • Olathe, KS
Posted

I'm just starting out so I don't have a ton of cash. Is it possible to get a seller to 100% owner finance or contract for deed? How do I approach this situation?

I don't have much experience being a landlord but I used to have my own business where I contracted with banks and took care of their properties. I averaged about 150 properties that I took care of. I'm 26 and motivated and would like to make some things happen!

Any help would be appreciated!

Thanks,
Alex

Most Popular Reply

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
12,876
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

For 100% financed deals you're looking for a very motivated seller, someone willing to walk away from usually an unmarketable property, but not always.

Anything is possible, it may not be probable. Knowledge can make up for money in many deals, play on your property management experience, if you're a people person that can be evaluated on how you present yourself, landlording is not rocket science. :)

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