Private sales in Ontario Canada

[Jeff Beler]

Hey everyone!

Haven't posted in a while.  I am looking at a 4plex in my neighborhood on Monday and they seller has yet to put the property on mls.  He is a recently retired  business owner that made a windfall selling his business and wanted to diversify the income streams he had coming in and so he purchased the property in February.

Turns out that he inherited tenants that he is not interested in dealing with and wants out already, as it is too much work for him. 

I am sitting down with him to discuss the place and I was wondering if anyone had any experience with a similar situation here in Canada. 

I am thinking to ask about owner finance, but as he is a savvy businessman, I am thinking that he wants rid of the place asap.  My other approach is the rent to own with a refinance in 2-3 years.

Cheers

[Shawn Allen]

I often use a VTB when buying property.  It's much easier when you are purchasing direct from the buyer as you negotiating directly with them.  You never get what you don't ask for so it doesn't hurt to ask.

It sounds like cash isn't his issue - but being a landlord is.   Solve his problem and he will be more open to being creative with  you.