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Updated 12 months ago on . Most recent reply

User Stats

63
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18
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Johnathan Mark
  • Rental Property Investor
  • Houston, TX
18
Votes |
63
Posts

Seller Financing: Multifamily Property (Texas)

Johnathan Mark
  • Rental Property Investor
  • Houston, TX
Posted

Hi All,

Johnathan from Texas here. Starting a new post that I hope would gain some traction here as I haven't seen anything posted on the topic in a while (unless I overlooked).

After doing some research, it seems that purchasing a seller financed property could result in a great deal for both parties. On a few older forums, I saw Listsource and networking as possible leads for these properties. But does anyone have additional thoughts on how I can connect with these potential sellers, especially multifamily property owners?

Thanks!

Most Popular Reply

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10,254
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16,114
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,114
Votes |
10,254
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

All of my SF deals have  been with boomer+ landlords that have been self-managing for decades.

I look for tired plexes like 70's builds that  need paint and window coverings with smokers and pit bulls as tenants and crude for rent signs.  

I also look in the newspaper and craigslist for basic for rent ads that provide landline phone numbers.

Facechat, instabook and the others mean nada to these folks. Me either, obviously. You'll find them in greasy spoon diners in the morning and the gold circuit gym class.  

Good luck @Johnathan Mark

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