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Updated over 2 years ago on . Most recent reply

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Nick Shri
  • Rental Property Investor
  • Virginia
132
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217
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What info to capture in pursuit of seller financed offer

Nick Shri
  • Rental Property Investor
  • Virginia
Posted

I'm offered seller financed package by a wholesaler. 

Only info presented is that all properties are rented.

I plan to ask for rent rolls, what else do I need to know (watch-out-for's) in this pursuit?

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Eliott Elias
  • Investor
  • Austin, TX
5,553
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Watch out for these creative finance deals from wholesalers, get all your ducs in a row. Get the owner finance accepted offer, see the terms, get a title search done to make sure there are not any liens, make sure the person proposing owner finance is not wrapping a different loan. 

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