Seller Financing, Objections & Taxes

[Matt Fish]

Hi Everyone, let's talk seller financing. I am becoming increasingly interested in asking for seller financing as a way of purchasing residential real estate for flips and rentals. I am curious of those that use this type of financing, what are common objections you receive from sellers when discussing seller financing and what are you responses/ways of moving past them.

Additionally, here are some questions I haven't been able to find answers to:

What happens to the mortgage if the seller passes away during the repayment period? Does it go through probate and pass to their heirs? Is it taxed as part of their estate? Would you just continue to make payments to whoever takes over the mortgage?