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Updated about 8 years ago on . Most recent reply
What would you do in this situation?
So I have an interesting situation and I would like some advice from more experienced investors. I'm a newer Realtor in San Diego, CA. I got into the business with the plan on taking money I earn as a realtor and investing that into Real Estate.
I was prospecting earlier this week and met a very nice older lady. She had over $750,000 sitting in the bank doing absolutely nothing, she asked me if I could help her find a single family as a rental property. That's great and everything, but as soon as I was about to get off the phone she interjected that she actually would be interested in doing a seller finance deal.
How would you handle this? Is there any strategy to where I could end up purchasing my first investment property with her seller financing? What would you do?
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@Sam Jones, I am not sure I understand you situation here. You have a woman who wants to buy an investment property. She wants to find an investment for her 750K. Does she want to buy a property and then turn around and unload it via seller financing? Or does she want to lend her money as a private investor toward someone else's property investment?
Can you clarify?