Can I buy through Owner Financing then rehab and sell it fast?

[Cynthia Long]

I am trying to find creative ways to do real estate investing. My money from the bank is tied up through 2 rental properties, but I am wanting to try some creative ways to make some money. Is it possible for me to find a motivated seller to owner finance me and we rehab and sell it with in a couple of months?

[Chris Kennedy]

Yes, absolutely. The key is that the seller is motivated enough to do this. Just don't make a promise you can't keep - ask them to hold the financing for much longer than you expect to need it. If you think that you can flip the property in 6 months, make sure they are holding the financing for at least a couple of years, just in case something goes wrong. Of course, when you sell the house early and pay them off way before schedule then they'll be  ecstatic. Good luck!