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Updated over 8 years ago on . Most recent reply

User Stats

10
Posts
4
Votes
Tony Sierra
  • West Branch, MI
4
Votes |
10
Posts

When to bring up land contract terns

Tony Sierra
  • West Branch, MI
Posted

My first question on BiggerPockets! I am a college student with little money or credit. I have family members who would be willing to partner with me to provide capital. However I have also been looking into seller financing. I recently found a fourplex that looks promising. The owners are retiring and want to travel. They stated that they are willing to do a land contract on their listing. I am still in the preliminary stages of looking and learning but would like to take action soon. When is appropriate to ask what kind of terms they would be offering for seller financing? I dont know if I am overthinking this but I feel like it might be better to see the property and meet the owner before jumping to seller finacing terms right away. However the terms may kill the deal right away if they dont work for me.

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