Looking into seller financing. In need of help to approach a seller!

[Aaron Bard]

Hi everyone,

I've been hard at work fixing up the unit that I am house hacking in my 3plex. But I'm hungry for more. As my lender said...I've got "the bug".

My question is: how do I approach someone with the idea of a seller financed deal? I found another 3plex on the market that is right around the corner from the one I'm living in now. I can literally see it from my kitchen window! I would love to invest right on the same block.

I found this property on Zillow, and because of that I don’t know how to approach this. I texted my agent to ask about the property, and she gave me some information about the current rents.

The other problem is that I cannot refinance until December of 2024. And due to my FHA loan, I have to live in the unit I have at the moment. Thankfully, my two other units pay for my mortgage in-full, as well as a couple of the included utilities; so I'm not worried about leaving a vacant unit for a few months.

I also searched the real estate map for the city that I invest/live in, and it said that the owners live on-site. But I'm not sure if that is accurate due to all 3 units having listed rents on the MLS.

In conclusion:

How do I go about finding the owner of this property, contacting them, and discussing with them the idea of seller financing?

How do I go about scheduling showings, inspections, title transfers, and closing with a seller that is financing a deal?

Any advice at all is much appreciated.

Thanks!