Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago on . Most recent reply

User Stats

30
Posts
14
Votes
Kelsey VanSleen
14
Votes |
30
Posts

Flipping with Seller Financing?

Kelsey VanSleen
Posted

New to RE investing and learning about different financing options to fuel my flipping business. How feasible is it to have an offer accepted utilizing seller financing for non-REO properties with the intention to flip? It feels like this would be like asking a seller to be a HML because you'd have to offer a higher interest over a shorter period of time. New to this financing avenue and curious what the BP community thinks.

Context: I live in COS but plan is to start flipping in Pueblo to build equity and experience. Likely going to start with private equity from family/friends but exploring other financing options to quickly scale once I get going.

Thank you in advance!

Most Popular Reply

User Stats

358
Posts
307
Votes
Tanner Pile
  • Real Estate Broker
  • Colorado Springs, CO
307
Votes |
358
Posts
Tanner Pile
  • Real Estate Broker
  • Colorado Springs, CO
Replied

@Kelsey VanSleen

You could also look into partnering with the seller if they are not able to do seller financing and split the profits with them as a partnership.  Make sure you get your name on the deed or have some type of contract so they don't change their mind about the partnership after making the house all nice after the rehab. 

  • Tanner Pile
business profile image
Tanner Pile
4.8 stars
21 Reviews

Loading replies...