Who’s using seller financing?

[Robert Ashton]

Hey everyone,

Curious who’s using seller financing in their business, either to own or sell, and why they chose that route?

Trying to get more creative ways for my clients to fund deals.

Details are appreciated! Would love a good story if you have the time to share 😎

Thank you in advance!

Rob the Realtor

[Steve Vaughan]

Quote from @Robert Ashton:

Hey everyone,

Curious who’s using seller financing in their business, either to own or sell, and why they chose that route?

Hi Rob.  I've purchased and sold dozens of times utilizing SF.

The buys were tired landlords, off-market.  Usually commercial assets (7-10 units) that needed work, 4 resi plexes and 4 were houses. 

The main reasons I liked buying with SF is to avoid loans, appraisals, lender's insurance, PMI, all origination fees, delays and funding risk.

Since these were off-market, the down payments were usually only 10% and the prices were belly to belly.  Throw agents in there?  The price rises along with the down payment. 10% barely covers commissions.  My 1 triplex I bought that was listed had a DP of 22%. 

I also used SF as my end game. Sold by owner 3 different apt buildings, 2 on interest-only contracts for perpetual annuities that spread out the tax hit while saving tens of thousands in commissions. 

Cool to see an agent thinking outside the box a little bit. If you find a good SF buy where you will own it, buy it yourself.