Seller Financing - how to find/create these deals

[Johnna Stark]

Hi all - I am interested in tips for finding a seller financed opportunity or creating one where it doesn't currently exist. Right now, my wife and I's income is tied up in our own home mortgage and helping a family member refinance their own home due to financial difficulty. We really want to find our first investment property, but we will likely find it difficult to get approved for a loan.

I recently listened to a podcast on BP Rookie and the investor found/created a seller financed deal and I feel like this could be the best way for us to go right now. I understand it might not be an obvious options at first and many sellers would not think to do this on their own so it may require some convincing, but I am wondering what others have experienced with this option.

Any tips for how to find FSBOs or seller's who would be interested in financing themselves? Thank you!

[Stewart Beal]

I use 2 strategies, make full price offers on deals that have sat on the market a long time and ask seller for land contract financing, and the 2nd strategy is mail letters, 1,000s of them offering what you are offering, you will get more calls than you would think.