Subject 2, Seller financing

[Shirin Namavar]

Hi all,

How do you find Subject 2 deals and Seller Financing deals? Is it through realtors or your own network? If it is through realtors, how do you start conversation with realtors for such deals and how you find realtors who many work on such deals? I appreciate your comments!

[Matt Pursley]

Sub To and Seller Financing are tough with realtors because it's direct competition to them. I do know a few realtors who have great relationships with an investor and they do consider seller financing or sub to for those investors, but in general it's an odd thing for a realtor to get involved with. The best way in my experience is to go direct to seller. Find out what their needs are and solve their problem. Sub To and Seller Financing are great, but it has to work for you AND the seller. 

If you want to interview a TON of realtors and find a few who work on that then it could be worth your time, but my route is to find an attorney who specializes in creative closings and then analyze the deals you find to see if those are good options. Of course, if properties are on market then most likely the seller is not going to consider these options so finding a realtor that specializes in finding off-market properties would be key. Otherwise, source your own off-market deals