Creative financing, seller financing

[Eric L.]

So when I get bored I look on the MLS or other sites to look for properties, analyze them, then figure out how I would offer them.

Well I found a property that is WAY beyond my reach financially. I was thinking to Brandon Turner's property he found in church. Well I did some research and looks like the owner is around retirement age. I'm wondering if he would be willing to accept an offer that has

long term tax benefit, I would give him his asking price, the only real problem I foresee in the repayment would be another big downturn. Even then, it's in a middle class neighborhood which should be more protected in hard times. Besides offering his full price plus interest, and tax benefits, am I missing any other benefits of seller financing?

[Luke Miller]

@Eric L. To start, nothing is out of of your reach financially if you have the education and network. If it's truly a good deal, you'll be able to find someone to help you (think Syndication or JVs). 

If you're truly interested in the property then you need to get in front of this person. Find their contact information and call them. Seller financing is a tough thing for seller's to wrap their heads around. I would start by listening to @Erik Stark's podcast from Bigger Pockets. He has a seller financing book that he gives to potential sellers. I found it to be so powerful that I made my own and it worked well. 

Either way, if it is a good deal you owe it to yourself to pursue it.