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Updated over 4 years ago,
Seller Financing Success in Central California?
Hello legendary BP members! I am still new to the REI world but for the past year I have been trying to be as active of a learner as I can with listening to the BP podcasts and reading the classic rotation of real estate books. With my local REIA currently inactive until COVID passes, I'm reaching out to hear insights on a topic that has been bouncing around my head these past few weeks. For obvious reasons I have been attracted to the idea of seller financing. I'm 23 years old and making around $40k a year so I'm aware my options are relatively limited in regards to getting into the investing game soon. However, living in San Luis Obispo and observing the market here on the Central Coast has peaked my interest into seller financing, specifically with the high ratio of retirees that are present here. With this demographic I would imagine it could be fairly possible to find several seller financing deals from folks who own their property outright and are looking to unload sometime soon. With this said I was curious to hear from investors, especially those local to the Central Coast, about their success in coming across seller financing deals? Or perhaps other options you have discovered to be more effective in finding a entry point into the local markets? Just looking to soak up all the advice I can so that once I'm in a position to make a move I can feel confident knowing I did the ground work first. Thanks in advance for any and all help!