Best way to find leads for owner finance

Contractor · Atlanta, GA · Member since 2019 · 70 posts · 7 votes

Looking to start sublease through owner finance not sure how to search for leads for owner finance any suggestions with be greatly appreciated

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Jonathan GreeneBusiness Member

Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes

The best way to find potential deals where owners would be willing to hold paper is to search for owners who own multiple properties in the same county. Then, drill down to see how long they have held these properties. If some of them have been held for 15+ years, they might want to get rid of the maintenance on one and take a chance on someone with owner financing. In my experience, the only sellers offering owner financing are ones who own multiple properties, don't need the cash, and like to release maintenance in favor of monthly payments and less headaches.

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Charles Carillo
Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
6y
@Andre Bias
Are you looking to purchase a property with owner financing? If so, you need to go direct to owners. You can use wholesaler marketing tactics to do this. Sometimes you need to educate the owner on owner financing since most of them will not be aware of it or have a negative connotation about it.

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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
6y
The best way to find potential deals where owners would be willing to hold paper is to search for owners who own multiple properties in the same county. Then, drill down to see how long they have held these properties. If some of them have been held for 15+ years, they might want to get rid of the maintenance on one and take a chance on someone with owner financing. In my experience, the only sellers offering owner financing are ones who own multiple properties, don't need the cash, and like to release maintenance in favor of monthly payments and less headaches.
[email protected]Podcast Guest on Show BiggerPockets Daily 667: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) by Gino Barbaro
Zen and the Art of Real Estate Investing59 Reviews
Website View Page
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Andre Bias
OP
Contractor · Atlanta, GA · Member since 2019 · 70 posts · 7 votes
6y
@Charles Carillo ok thanks
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Andre Bias
OP
Contractor · Atlanta, GA · Member since 2019 · 70 posts · 7 votes
6y
@Jonathan Greene was going to look at targeting older people that have properties paid off that want to retire and like monthly cash but unfamiliar how to target them
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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
6y
Older people with one home have a hard time wrapping their head around seller financing and their kids will not like it if they are the expected heirs. You want people with many properties who won't care about keeping paper on one of them while you do the work. You search the tax records in your area for people who own multiple homes. It's not an easy search.
[email protected]Podcast Guest on Show BiggerPockets Daily 667: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) by Gino Barbaro
Zen and the Art of Real Estate Investing59 Reviews
Website View Page
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