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Updated almost 2 years ago on . Most recent reply
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Can anyone teach me how to offer seller financing??
I want to learn how to get winning terms for an investment property. What process do you use to go about getting a great deal?
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- Rental Property Investor
- East Wenatchee, WA
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Quote from @Aaron Heers:
I want to learn how to get winning terms for an investment property. What process do you use to go about getting a great deal?
Oh. How to offer with SF. Your title makes it sound like you are selling.
So I start with the correct type of seller. All of mine have been tired landlords that owned free and clear. The youngest was 68 other than an inheritee of a triplex out of area. Still a tired landlord though.
Then I submit a letter of intent where seller financing is one of the 3 scenarios I outline. If they like the broad SF scenario, we discuss further and do a formal PSA.
The big draw for me as a seller was spreading out of the tax burden. When I became a tired landlord it helped in my decision.