Seller financing, how to structure a deal with no/low money

[Austin Carlisle]

I'd love to hear some personal accounts from those of you who have personal experience structuring a seller financed deal

1) How did you find the deal 

2) What negotiation strategies did you use to formulate the deal

and the most important (for me)

3) What did the deal look like?

I'm looking at trying to structure a deal that is seller financed so I can offer low/no money down, I just need some inspiration as to what that would look like, any stories are appreciated :) 

[David Flores]

@Austin Carlisle

@Austin Carlisle

I just started a podcast on this subject, now on Spotify called “No Money Down Real Estate Investing”. You should check it out, I do a deep dive into my deals and will have other guests on every week to talk about no money down investing.

Anyway, to answer your questions.

1. I found my deals through pocket listings from listing agents I created a relationship with. 1 of them was straight off the MLS so dont exclude this either. Remember people who list their homes on the MLS are actual motivated sellers usually. Cold calling and direct mail is harder to find motivated sellers.

2. My negotiation strategy was simply asking the seller/listing agent if they would be interested in a seller financing deal. You will never know unless you ask. If they are curious as to what it is I usually send them a letter outlining the deal and then ask them to hop on a call with me so I can explain how it works.

3. Structure of my deals are usually 5.5% interest for 25 year amortized with a ballon at 5 7 or 10 years. This will range depending on area/seller. One of my deals is a straight 5 year loan at 5%, if the numbers work this is my favorite.