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Updated over 5 years ago on . Most recent reply

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4
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2
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Matt Kozlowski
  • Chester, NJ
2
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4
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Finding owner financing deals

Matt Kozlowski
  • Chester, NJ
Posted

Hi Everyone,

I am a buy and hold investor in NJ. For my next deal I’m trying to use some creative financing and I can’t stop think about putting an owner financing deal together.

What are ways to find small multi fam building owners who have 100% equity to do something like this?

I’d be curious to hear about how someone structured there first owner financing deal too.

Appreciate any feed back. Thanks!

Most Popular Reply

User Stats

147
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72
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Zoran Stanoev
  • Real Estate Broker
  • Chicago, IL
72
Votes |
147
Posts
Zoran Stanoev
  • Real Estate Broker
  • Chicago, IL
Replied

I think being able to use/offer owner financing is a great tool to have in your tool belt, but I think specifically trying to find a deal to use it for might be the wrong way to go about things.  If you meet an owner and start talking about seller financing this and seller financing that, you might not be listening to the seller and the problem that they need solved.  The analogy I'd give is walking around with a philips head screw driver looking for things to screw in versus walking around with a tool belt and first asking what kind of problem someone has and then picking the most appropriate tool.  Good luck

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