How to change sellers mind to owner finance?

[Nick Versetto]

I've found a great multifamily that cash flows pretty well but the owner is reluctant to hold a note for a few years.  He's looking for the cash so he can move to a warmer climate for health reasons and is firm not wanting to play bank because he's elderly.  

I haven't tried to spin the benefits of holding the note because I wanted to get some good ideas from the pros!!!!

Asking Price 250k and comes with attached vacant lot

3 units with a 12, 7, and 2 year renter in place and paying their own utilities

Taxes 6300.00

Gross rents 2600.00 per month (could increase to 2900.00)

[Ned Carey]

You are really missing the point. You are not going to convince someone to do something they don't want or need. Find someone who could benefit from owner financing and explain how he or she will benefit. 

Most likely this is a waste of your time. The only way it will work is if  you can some how meet this sellers need for money now. How much does he need? Maybe he doesn't need the entire purchase price.