Would like to approach seller with an owner finance offer... But how?

[Jim Dineen]

Hey all!

So I've finally been getting a few leads on some prospective rental properties in my desired area. From what I understand they are owned free and clear and the sellers seem mid-level motivated (not desperate but eager to get rid of them).

I have a moderate cash reserve but I'm still a small fry and can't really buy all cash just yet, for most properties at least. Plus, using leverage and holding on to as much cash as I can had always been the plan

I feel these are perfect opportunities for some possible owner financing deals. I have ZERO experience with that and would like to present a very strong case in it's favor, with my terms, should I bring that offer to the seller. It may not work but I'd like to know I tried the best I could to make a convincing pitch.

I'm in Dallas and looking specifically in the Garland area, so if you happen to know any loan servicing companies you'd recommend that would be fantastic!

I don't have any hard numbers to tell you yet, unfortunately, as it's literally been along the lines of 'hey, you're looking for some rental property right? I know someone looking to sell there's...' Etc.

Any broad information would be greatly appreciated. Thanks guys!