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Updated over 5 years ago on . Most recent reply

User Stats

173
Posts
121
Votes
Victor Vella
  • Flipper/Rehabber
  • Cleveland, OH
121
Votes |
173
Posts

Selling a portfolio owner financed

Victor Vella
  • Flipper/Rehabber
  • Cleveland, OH
Posted

I’m 60-90 days out from selling my current portfolio rehabbed on the retail market as individual units. A lot of my properties are duplexes in the Lakewood market in Cleveland Ohio. I have 5 properties and two contracts

I’m potentially considering seller financing as a package however I see a lot of risks with this. But maybe I’m over analyzing the risks....

Has anyone sold a portfolio seller financed? I’d obviously much prefer cash. Part of my challenge I see if I accept a seller financed offer is my capital is tied up and I’m stuck at a whatever interest rate I locked in. As a flipper Capital is the life blood of my business.

Thoughts appreciated

Most Popular Reply

User Stats

545
Posts
250
Votes
Jameson Sullivan
  • Real Estate Broker
  • Tacoma, WA
250
Votes |
545
Posts
Jameson Sullivan
  • Real Estate Broker
  • Tacoma, WA
Replied

I think the question @Jaysen Medhurst is asking is why you don't just sell the properties on the open market without seller financing? It seems like an unnecessary step

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