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Updated about 11 years ago,
(20) Props to Structure Seller Financing... LOOKING FOR SUGGESTIONS
REF 13030-P1
The seller wants to unload (34) houses and (5) parcels of land.
The seller owns the properties free and clear.
I don't have the money to buy all these and then fix them all up... But I do have a private lender who can fund the rehabs.
MY PLAN:
1) Wholesale (14) Houses
2) Use Seller Financing for (12) so I can fix and flip them
3) Use Seller Financing for (8) Rentals then Refi out or use the money from the flips to pay the seller off
4) I'll buy the (5) parcels outright and build houses (if allowed) after the flips (I'm partnering 50/50 with a builder)
MY QUESTIONS:
A) What terms should I offer / how do I structure a win win for both the seller and myself?
B) What are some things I should mention/offer to entice the seller to structure the deal this way? (ie Reduce capital gains since he is receiving money for wholesale houses, increase the amount I can purchase house for, etc)
Thanks! Your expertise are greatly appreciated!