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Updated 9 months ago, 04/02/2024

User Stats

32
Posts
12
Votes
Eric Andrekopoulos
  • Rental Property Investor
  • North Carolina
12
Votes |
32
Posts

Investor Off loading portfolio but doesn't want to seller finance.

Eric Andrekopoulos
  • Rental Property Investor
  • North Carolina
Posted

Hey BP Fam,

I currently have a local investor looking to exit his rental business within the next 5 years because he's older in age. So he wants to sell all of his properties. A vast majority of them have 100% equity which is a beautiful gate to seller finance which I feel will be the most profitable. He mentioned he just "doesn't want to do it" and would rather just get the cash from selling them. Now he does have children he wants to pass wealth to (cash) and not his business. Other than explaining how his children will continue to receive the payments after his passing what can I do to get him on the positive side of creative finance? I also explained to him the tax benefits of it which was another one of his worries.

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