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Updated 10 months ago on . Most recent reply

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John Gonzalez
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Need Seller Financing Mentor

John Gonzalez
Posted

Thank you for reading this, I appreciate it.

I don't have prior seller financing experience. I want to sell my fully furnished, high-end downtown Austin rental via seller financing. I'm looking for a mentor - I am happy to pay a fee - who will show me the optimal path, help me avoid the mistakes / pitfalls, refer me to a good attorney, title company and get me to closing as reliably and safely as is possible

Property: 2800 sq feet, 4/3.5, 2 miles from Downtown Austin, high end finishes

Sale price: 1.6 million (negotiable)

Down payment: $320,000 (negotiable)

Rate I am offering: 5.5% (negotiable)

Please DM me for further details of the property. Ideally, I would be working with Buyers only.

Thanks again

Most Popular Reply

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Scott Trench
  • President of BiggerPockets
  • Denver, CO
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Scott Trench
  • President of BiggerPockets
  • Denver, CO
Replied

I feel like the skillset you are looking for is called "Seller's Agent" or "Listing Agent". 

These are the people that will be able to tell you what the property will sell for, and how to get the best price. If you are willing to offer excellent seller-financing terms, then you should post this property on the MLS, and make this clear.

You will then still get interest from those who want to purchase this with a conventional, owner occupant, FHA, VA, or other financing, in addition to seller financing.

If you want to avoid the listing agent fee, at least interview listing agents as a consideration anyways and hear what they have to say. 

I'm not aware of a "mentor" who teaches sellers how to use this tool, but every one of the folks discussed at length in the "guru, book, and course reviews" forum here on BP will be delighted to pitch you. 

Typically, what you'll find are gurus teaching buyers how to do this. Those gurus will happily take your money as well, but are much more skilled (if they deliver) on adding value or perceived value to buyers, not sellers. 

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