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Updated over 10 years ago on . Most recent reply

User Stats

3
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0
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Victor Chambers
  • Real Estate Agent
  • Bloomfield, NJ
0
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3
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Seller Financing Strategies

Victor Chambers
  • Real Estate Agent
  • Bloomfield, NJ
Posted

Hey Folks,

I am considering proposing seller financing to a homeowner who inherited a property from their mother.  I marketed to this owner in hopes of making an offer and wholesaling the property, but after speaking to the owner, I get the sense that he won't sell at a discount.  He has indicated that the property needs a new roof.  I'm not sure what other major issues the property has, but I should find out on Monday when I get to see the inside.

Any ideas or thoughts on a strategy to acquire this one if a wholesale is out of question?  I totally realize that at the end of the day, there may in fact not be a deal there.

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