Seller Financing Deals

[Sam Clemente]

Hey BP,

I found a vacant property I would like to seller finance into apartments. It is abandoned and definitely needs some renovating before anything else so I am really just wondering where to start after I figure out how much everything is going to cost after doing all the underwriting. I know someone who owns an apartment complex across the street, so I know the area is safe.

Do I have to get it under contract first? 

When should I start reaching out to investors? - How do I go about finding them?

I would like to try and put little to no money down because I am young and don't have hundreds of thousands of dollars but am open to hearing about other creative financing strategies

Thank you!

[Sam Clemente]

Quote from @Nicholas L.:

Just going to be blunt - if this is your first deal I don't think it would make sense to 'raise money from investors'

Start with house hacking

I am currently in the process of renovating a house for a flip right now, but am trying to get more into seller financing. There are a many others the same age as myself doing it in other cities so I believe it is something I can do with more knowledge. I follow some of those people on social media and would like to try and replicate what they are doing I just don't have thousands to spend on their "training" or "mentorship programs" at the moment.

I plan to save the money from this flip to then buy a duplex and house hack, but I'm always looking for new ways to make money and source deals!

Thanks