Help with a deal

[Matt Ellis]

I am looking for help on a few possible deals. I am in talks with a few sellers who are looking to sell there homes but they are not in distress. They are out of state owners who have properties that are single family rentals. They are obviously not candidates for wholesaling so I wanna know if there are any kinda deals in place that I could do? All the owners have alot of equity and the properties are in good neighborhoods. What strategy should I look to do?

[Curt Davis]

Me personally would not do owner finance with a seller if they still have a mortgage. I would feel too vulnerable in the event things went south for the seller and I would have no recourse against them or the property.  Its better to find a seller who has the home paid off.  

You also need to make sure the seller would not put any liens or take out any lines of credit on the home as that could be bad news also. 

Just me but I would pass on this one.