Contacting for rent homes on zillow and asking them to sell

[Ryan Dossey]

My wife and I will be moving to Indianapolis. We are looking to buy a multifamily home. 1-4 unit. While I have great credit and down payment funds I will not qualify for a traditional mortgage. I plan on going full time for my REI company at the time of moving out of state. I can't get a mortgage without a job lined up in Indy.

Have any of you ever tried emailing for rent listings on Zillow soliciting owner finance? I am thinking something to the effect of sharing my wife and I moving for grad school. We are looking for a home and we are looking for owner finance. Selling them on the plus of still receiving cashflow but no maintenance etc. What do you guys think? Better to ask if they want to sell first then go for terms?

[Shawn Holsapple]

@Ryan Dossey house hack - live in one unit while renting out the rest.  Most of these properties are old and in rough neighborhoods that you and your wife will not want to live in.  Yes, there are a few exceptions but for the most part this is how our market is here.  

I will PM you the contact info for a local credit union that may be able to help you out.

Hope that helps.