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Updated over 7 years ago on . Most recent reply

User Stats

8
Posts
6
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Samuel Chapman
  • Appraiser
  • Irwin, PA
6
Votes |
8
Posts

Presenting a seller with an owner financing deal

Samuel Chapman
  • Appraiser
  • Irwin, PA
Posted

Hoping I can catch the attention of anyone who has done deals through seller financing.  I was wondering if I could get some advice on how to present the deal to the seller, specifically a seller who is not open to, or is slightly resistant to an owner financing deal.  I found a good off market deal that cash flows nicely and would benefit both myself (the buyer) and the seller.  I have tried to present my numbers to the seller but haven't had any luck.  I was hoping I could hear about some ways others have presented this option to sellers before and how they were able to convince them that it was a good deal for both buyer and seller.  Thanks.

  • Samuel Chapman
  • Most Popular Reply

    User Stats

    3,758
    Posts
    2,596
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    Kerry Baird
    • Rental Property Investor
    • Melbourne, FL
    2,596
    Votes |
    3,758
    Posts
    Kerry Baird
    • Rental Property Investor
    • Melbourne, FL
    Replied

    One older seller wanted to get his profits over time, rather than take a tax hit in the capital gains. 

    In two different deals a woman seller wanted out yesterday. One had a divorce and one had an ill partner and medical bills. They both sold subject to the existing financing. Speed was the factor. 

    We currently have a deal where the house had loose wires, no stove, possible mold, so the house didn't pass bank approval. The family wanted to carry back so we could remodel and refinance them out. They wanted the house remodeled instead of knocked down as another buyer might have done. 

    POINT of my stories: find their motivation and find what the seller needs. Needs being the operative word. 

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