Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 12 months ago,

User Stats

7
Posts
4
Votes
John Marlin
Pro Member
4
Votes |
7
Posts

How to convince seller to owner finance duplex?

John Marlin
Pro Member
Posted

Hey BP peers! I'm an experienced investor in single-family houses, looking to get into multi-family next. I recently met an investor who informed me he'll be looking to sell a couple duplexes and a triplex in the next couple of years as he's getting older. How best should I go about presenting him a potential owner finance deal at a fair market value on one of these properties that would be ideal for both of us? Here's a few main points. 

1. He's specifically waiting to sell only one property each year, to not get kicked up into a higher tax bracket and pay more capital gains than he has to. How might owner financing potentially reduce his tax liability?


2. He wants a fair market value, and duplexes here are harder to come by, so I'd be happy to pay accordingly, but want to make sure I'm cash-flowing, but likely might not have 20% down to pay unless I sell or refinance another property. Any creative approaches to financing here that would be enticing to a seller? 

All in all, I don't have much experience with owner-financing, but being a 1099 self employed person, owner financing will likely be my best option. Again, the owner is older, and owns these properties outright, so I believe keeping the consistent income might be enticing to him.

Any other considerations I should be thinking of? Thanks y'all!

  • John Marlin
  • Loading replies...