Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

Account Closed
  • New to Real Estate
  • Corona, CA
19
Votes |
30
Posts

Flipper Open to Sellers Financing

Account Closed
  • New to Real Estate
  • Corona, CA
Posted

Hello! I am ready to buy my first property- Here is the situation:

The property I found is a flip from someone that got it from a wholesaler. It’s rehabbed but they didn’t do a great job aesthetically but fixed the hvac and floors. It has been listed for 102 days now. 

I contacted the listing agent and asked if they are open to creative financing (seller or subject to) and the answer was yes, however send a prequal letter or proof of funds statement. Does that sound right? I thought with seller financing it’s just the offer and terms then negotiate from there? 

Edited to add: property is a small condo I will MTR to travel nurses that will cash flow at least $800/mo after I ran the BP calculator

Loading replies...