Owner Financing and Free-And-Clear Lists

[Colton S.]

Good Afternoon from Raleigh NC,

I just wanted to post really quick to get some help/guidance when it comes to owner financing deals and obtaining information about these. I have done my research prior to posting this and found out that listsource is a good resource for 100% equity property's as well as talking points (pros/cons) of owner financing. But I was hoping to get some assistance with tips and tricks of doing it.

A little background: My wife and I purchased our first house June 2015 and flipped it and live in it until we can get a second. We will be a dual income household in January - She just got out of school. So my plan is to save 100% of her income for 2-3 months and combine it with what I have for a down payment. We want to possibly do owner occupied for our next and rent this one out but we don't know. The house is in my name and purchased with FHA. Our next will most likely be in her name only and purchased with FHA if we can.

I looked on listsource.com and it pulled 13k people in our area that matched my 100% equity criteria and that list costs 2k - This feels a bit much to me. Is that common, and what other ways might I have to do this?

Lastly, what tips do you have to get our next house through traditional or owner financing. My goal is 2 houses for next year to be long term rentals.

Thanks for any assistance!