I should have payed more attention to Ben Leybovich's blog posts

[DJ Cummins]

I have to be honest; I haven’t really read many forum posts about no/low money down / creative financing/ OPM. We just bought our first multi-family property with a conventional mortgage, 20% down. So right now our available cash is not enough to go out and buy another property for a while. Let's say that I have a relationship with someone who is retiring and getting ready to travel. They have already sold their business, and now they have five rentals that they are looking to sell. I feel like there is at least a slight chance that this couple would consider an owner financing deal on all of them together. I don't know any numbers on the properties; I don’t even know their actual addresses. I would guess they are each worth between 50-75k here in the Midwest, and probably rent for 550-750 per month.

So my question is not exactly specific, but I am interested to see some opinions. How should I bring up this possibility to the property owners? They have them all for sale by owner right now. Does anyone have any selling points I can use? Would they have to pay capital gains if they sold the properties this way? I am just looking for a way to sell the idea, not give an actual offer just yet.

IF...they like it, how do you then structure a deal like this?