Owner financing, should I go all in on it??

[Nick Vehr]

Ok, some may laugh at how small this sounds, but hey, it doesn't matter if you're all in for 20 bucks or all in for 200k, all in is all in....anyways..

I have recently been direct mailing and came across a guy who is looking to sell 3 houses, we are kind of apart on the prices that i would be willing to pay through traditional financing. I have thought about a couple routes including private money. But, at one point I brought up private financing and he wasn't totally turned off by it. Just was worried about little things like, legality, what if I run off? what if, what if, what if. 

Anyways, the amount I would offer him for cash/traditional financing are numbers he wont take, they are about 20%-30% less than the price he's looking for (50k) and he's already led me to believe he won't accept this offer. I kind of don't want to run him off, so I am taking my time to offer, he seems to be in no hurry to sell, and has expressed the option of selling just one for now....

My thought is if I aggressively pursue the owner financing, I know this will probably run off chances of traditional financing, if he's totally un interested. However, I'm thinking I should go all in here and push for the owner financing. Even if he wanted to sell me one property, I could probably pay a little more (45k) with 20% down, CoC ~16% still cashflow for ~115$  and also have gotten experience getting someone to seller finance. 

Anyway I can't take full credit for this, an investor I met through this site, said to go for it. I think I'm going to take his advice, but want to get others input. Any seller financing help/stories would be greatly appreciated. Thanks!