Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Seller Financing - how to find/create these deals
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!