Helping Investors with their Exit Stratagy

[Nick Leamon]

Hey everybody!

I am a somewhat newbie investor, I have one SFH and have had it rented for about a year. I originally had the plan of moving from SFH to SFH and renting out the old one over and over until I had 5 or 6 rentals. I did not plan to cash flow very much, but hey other people would be buying me houses right?!?

Then I found BiggerPockets.

And have seen the error of my ways. I now know that I no longer need to wait to save up for a large down-payment to move and acquire my next property (thanks Ben Leybovich) So I have been learning all the different ways that one can acquire real estate without money and believe I have found a path that would work well with my goals.

So when Real Estate Investors want to "get out" to avoid tax on a large lump sum of money, I could buy their properties, they could owner finance them. I get a property for nothing (or very little) down. They get consistent monthly payments over many years and therefore pay less taxes.

What do y'all think? Is this a good idea? Am I overlooking something obvious? Has anybody done this strategy? If so how did you find owner financiers? What pitfalls should I be aware of?

Thanks in advance for all the great insights!