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Updated about 5 years ago on . Most recent reply

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70
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Andre Bias
  • Contractor
  • Atlanta, GA
7
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70
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Best way to find leads for owner finance

Andre Bias
  • Contractor
  • Atlanta, GA
Posted

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 Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

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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