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Updated over 5 years ago,
Am i crazy? Asking for owner financing
I just closed on my second rental. My initial choice was a multi family or small apartment with about 8 units. I didn't think it was possible in my area. I was strolling thru realtor today, and saw a 8 unit apartment complex less than 5 miles from my house and current rental. It has been on the market for over 400 days (there is something going on for sure)
I just closed on my second property so traditional financing is not an option.
I would like to reach out to the realtor to ask the seller for owner financing. I figure, worse thing he can say is no, thank u.
How should the conversation go? What should I say?